LightPath Technologies (NASDAQ:LPTH) Cut to “Sell” at StockNews.com

StockNews.com cut shares of LightPath Technologies (NASDAQ:LPTH) from a hold rating to a sell rating in a report issued on Saturday morning.

Several other brokerages have also recently weighed in on LPTH. LADENBURG THALM/SH SH raised their price objective on LightPath Technologies from $3.00 to $5.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. HC Wainwright lifted their price target on LightPath Technologies from $3.00 to $5.00 and gave the stock a “buy” rating in a report on Friday. Finally, Lake Street Capital upped their price objective on LightPath Technologies from $3.00 to $4.00 and gave the company a “buy” rating in a research note on Friday, December 27th.

LightPath Technologies Stock Up 2.4 %

LPTH stock opened at $4.24 on Friday. The firm has a market capitalization of $168.18 million, a PE ratio of -19.27 and a beta of 1.04. The company has a quick ratio of 1.03, a current ratio of 1.73 and a debt-to-equity ratio of 0.03. LightPath Technologies has a twelve month low of $1.04 and a twelve month high of $4.42. The stock’s 50 day moving average is $2.17 and its 200-day moving average is $1.65.

Institutional Trading of LightPath Technologies

A number of institutional investors have recently modified their holdings of LPTH. Murphy Pohlad Asset Management LLC grew its stake in 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 buying an additional 12,600 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its position in shares of LightPath Technologies by 104.7% in the second quarter. B. Riley Wealth Advisors Inc. now owns 131,824 shares of the technology company’s stock valued at $166,000 after purchasing an additional 67,429 shares in the last quarter. Finally, AIGH Capital Management LLC grew its position in shares of LightPath Technologies by 5.7% in the second quarter. AIGH Capital Management LLC now owns 3,723,932 shares of the technology company’s stock valued at $4,692,000 after purchasing an additional 200,000 shares in the last quarter. 56.29% of the stock is currently owned by hedge funds and other institutional investors.

LightPath Technologies Company Profile

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.