LightPath Technologies (NASDAQ:LPTH) Stock Price Expected to Rise, LADENBURG THALM/SH SH Analyst Says

LightPath Technologies (NASDAQ:LPTH) had its price objective lifted by stock analysts at LADENBURG THALM/SH SH from $3.00 to $5.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. LADENBURG THALM/SH SH’s target price would indicate a potential upside of 20.77% from the company’s current price.

Several other research firms have also weighed in on LPTH. StockNews.com lowered LightPath Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, December 25th. Lake Street Capital increased their price target on shares of LightPath Technologies from $3.00 to $4.00 and gave the company a “buy” rating in a research report on Friday, December 27th. Finally, HC Wainwright restated a “buy” rating and set a $3.00 price objective on shares of LightPath Technologies in a report on Friday, September 20th.

LightPath Technologies Stock Performance

Shares of LightPath Technologies stock opened at $4.14 on Thursday. The firm has a fifty day moving average of $2.12 and a two-hundred day moving average of $1.62. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.03 and a current ratio of 1.73. The stock has a market capitalization of $164.21 million, a price-to-earnings ratio of -18.82 and a beta of 1.32. LightPath Technologies has a 52 week low of $1.04 and a 52 week high of $4.14.

Institutional Investors Weigh In On LightPath Technologies

Several large investors have recently made changes to their positions in the stock. Murphy Pohlad Asset Management LLC raised its stake in shares of LightPath Technologies by 22.3% in the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 69,100 shares of the technology company’s stock valued at $95,000 after purchasing an additional 12,600 shares during the period. B. Riley Wealth Advisors Inc. raised its position in LightPath Technologies by 104.7% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 131,824 shares of the technology company’s stock valued at $166,000 after buying an additional 67,429 shares during the last quarter. Finally, AIGH Capital Management LLC raised its position in LightPath Technologies by 5.7% in the 2nd quarter. AIGH Capital Management LLC now owns 3,723,932 shares of the technology company’s stock valued at $4,692,000 after buying an additional 200,000 shares during the last quarter. Institutional investors own 56.29% of the company’s stock.

About LightPath Technologies

LightPath Technologies, Inc designs, develops, manufactures, and distributes optical components and assemblies. The company offers precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, and other optical components used to produce products that manipulate light; and infrared products, including catalog and custom infrared optics.