HC Wainwright Increases LightPath Technologies (NASDAQ:LPTH) Price Target to $5.00

LightPath Technologies (NASDAQ:LPTH) had its price target increased by equities researchers at HC Wainwright from $3.00 to $5.00 in a research report issued on Friday, Marketbeat.com reports. The firm presently has a “buy” rating on the technology company’s stock. HC Wainwright’s price objective would suggest a potential upside of 20.77% from the stock’s previous close.

LPTH has been the subject of a number of other research reports. Lake Street Capital increased their price objective on LightPath Technologies from $3.00 to $4.00 and gave the company a “buy” rating in a research report on Friday, December 27th. StockNews.com downgraded LightPath Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Finally, LADENBURG THALM/SH SH lifted their price target on LightPath Technologies from $3.00 to $5.00 and gave the stock a “buy” rating in a research note on Thursday.

LightPath Technologies Stock Up 9.2 %

NASDAQ LPTH opened at $4.14 on Friday. LightPath Technologies has a 12 month low of $1.04 and a 12 month high of $4.14. The company has a market capitalization of $164.21 million, a P/E ratio of -18.82 and a beta of 1.04. The company’s 50 day simple moving average is $2.12 and its 200 day simple moving average is $1.62. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.73 and a quick ratio of 1.03.

Institutional Trading of LightPath Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the business. Murphy Pohlad Asset Management LLC lifted 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 worth $95,000 after acquiring an additional 12,600 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in shares of 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 purchasing an additional 67,429 shares during the period. Finally, AIGH Capital Management LLC increased its holdings in shares of 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 purchasing an additional 200,000 shares during the period. Institutional investors and hedge funds own 56.29% of the company’s stock.

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.