LightPath Technologies (NASDAQ:LPTH) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of LightPath Technologies (NASDAQ:LPTH) in a research report report published on Tuesday. The firm issued a hold rating on the technology company’s stock.

Separately, HC Wainwright reissued a buy rating and set a $3.00 target price on shares of LightPath Technologies in a research report on Friday, May 10th.

LightPath Technologies Price Performance

Shares of NASDAQ LPTH opened at $1.30 on Tuesday. The firm’s 50-day moving average price is $1.33 and its 200-day moving average price is $1.39. LightPath Technologies has a 1-year low of $1.12 and a 1-year high of $1.85. The firm has a market capitalization of $50.45 million, a P/E ratio of -7.22 and a beta of 1.30. The company has a current ratio of 2.01, a quick ratio of 1.13 and a debt-to-equity ratio of 0.03.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Murphy Pohlad Asset Management LLC raised its position in LightPath Technologies by 22.8% in the 2nd quarter. Murphy Pohlad Asset Management LLC now owns 56,500 shares of the technology company’s stock worth $71,000 after purchasing an additional 10,500 shares during the period. B. Riley Wealth Advisors Inc. increased its position in shares of LightPath Technologies by 73.7% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 111,824 shares of the technology company’s stock valued at $141,000 after acquiring an additional 47,429 shares during the period. Vanguard Group Inc. increased its position in shares of LightPath Technologies by 15.6% in the first quarter. Vanguard Group Inc. now owns 1,571,852 shares of the technology company’s stock valued at $2,169,000 after acquiring an additional 211,626 shares during the period. Archon Capital Management LLC increased its position in shares of LightPath Technologies by 1.8% in the first quarter. Archon Capital Management LLC now owns 2,082,934 shares of the technology company’s stock valued at $2,874,000 after acquiring an additional 37,400 shares during the period. Finally, AIGH Capital Management LLC boosted its stake in shares of LightPath Technologies by 5.7% during 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 purchasing an additional 200,000 shares in the last quarter. 56.29% of the stock is owned by institutional investors.

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.