HC Wainwright Forecasts Strong Price Appreciation for LightPath Technologies (NASDAQ:LPTH) Stock

LightPath Technologies (NASDAQ:LPTH - Free Report) had its price objective boosted by HC Wainwright from $3.00 to $5.00 in a report released on Friday, MarketBeat reports. The firm currently has a buy rating on the technology company's stock.

Several other research analysts have also recently commented on LPTH. LADENBURG THALM/SH SH increased their target price on shares of LightPath Technologies from $3.00 to $5.00 and gave the stock a "buy" rating in a report on Thursday. StockNews.com lowered LightPath Technologies from a "hold" rating to a "sell" rating in a report on Wednesday, December 25th. Finally, Lake Street Capital lifted their target price on shares of LightPath Technologies from $3.00 to $4.00 and gave the stock a "buy" rating in a report on Friday, December 27th.

LightPath Technologies Trading Up 9.2 %

NASDAQ:LPTH traded up $0.35 on Friday, reaching $4.14. The company's stock had a trading volume of 1,002,999 shares, compared to its average volume of 902,949. LightPath Technologies has a 1-year low of $1.04 and a 1-year high of $4.14. The business's 50-day moving average price is $2.12 and its two-hundred day moving average price is $1.62. The firm has a market cap of $164.21 million, a PE ratio of -18.82 and a beta of 1.32. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.03 and a current ratio of 1.73.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Murphy Pohlad Asset Management LLC boosted its position in shares of LightPath Technologies by 22.3% during 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 stake 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 last quarter. Finally, AIGH Capital Management LLC raised its holdings 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 worth $4,692,000 after buying an additional 200,000 shares in the last quarter. 56.29% of the stock is owned by 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.