LightPath Technologies (NASDAQ:LPTH) Downgraded by StockNews.com to Sell

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

LPTH has been the subject of several other reports. HC Wainwright lifted their target price on shares of LightPath Technologies from $3.00 to $5.00 and gave the company a “buy” rating in a research report on Friday. LADENBURG THALM/SH SH lifted their price objective on shares of LightPath Technologies from $3.00 to $5.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Finally, Lake Street Capital upped their target price on shares of LightPath Technologies from $3.00 to $4.00 and gave the stock a “buy” rating in a research report on Friday, December 27th.

LightPath Technologies Stock Performance

Shares of LPTH opened at $4.24 on Friday. LightPath Technologies has a 12-month low of $1.04 and a 12-month high of $4.42. The company has a current ratio of 1.73, a quick ratio of 1.03 and a debt-to-equity ratio of 0.03. The company has a market cap of $168.18 million, a PE ratio of -19.27 and a beta of 1.04. The stock has a 50-day moving average price of $2.17 and a 200-day moving average price of $1.65.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Murphy Pohlad Asset Management LLC boosted 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 in the last quarter. 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 worth $166,000 after purchasing an additional 67,429 shares during the period. Finally, AIGH Capital Management LLC lifted its stake in 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 worth $4,692,000 after purchasing an additional 200,000 shares during the last quarter. 56.29% of the stock is owned by hedge funds and other 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.