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

LightPath Technologies (NASDAQ:LPTH - Get Free Report) was downgraded by research analysts at StockNews.com from a "hold" rating to a "sell" rating in a report issued on Saturday.

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

LightPath Technologies Stock Up 9.2 %

NASDAQ LPTH traded up $0.35 during mid-day trading on Friday, hitting $4.14. The company's stock had a trading volume of 1,002,999 shares, compared to its average volume of 902,949. The firm has a market capitalization of $164.21 million, a price-to-earnings 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 current ratio of 1.73, a quick ratio of 1.03 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 $4.14.

Institutional Investors Weigh In On LightPath Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Murphy Pohlad Asset Management LLC grew its holdings in shares of LightPath Technologies by 22.3% in the third quarter. Murphy Pohlad Asset Management LLC now owns 69,100 shares of the technology company's stock valued at $95,000 after acquiring an additional 12,600 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its position in 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 worth $166,000 after purchasing an additional 67,429 shares during the last quarter. Finally, AIGH Capital Management LLC grew its stake 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 purchasing an additional 200,000 shares during the period. Hedge funds and other institutional investors 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.