LightPath Technologies (NASDAQ:LPTH - Free Report) had its target price boosted by LADENBURG THALM/SH SH from $3.00 to $5.00 in a research note issued to investors on Thursday,Benzinga reports. LADENBURG THALM/SH SH currently has a buy rating on the technology company's stock.
Other equities analysts have also recently issued research reports about the company. Lake Street Capital raised their price target on LightPath Technologies from $3.00 to $4.00 and gave the company a "buy" rating in a report on Friday, December 27th. StockNews.com lowered shares of LightPath Technologies from a "hold" rating to a "sell" rating in a report on Wednesday, December 25th. Finally, HC Wainwright reaffirmed a "buy" rating and set a $3.00 price target on shares of LightPath Technologies in a research note on Friday, September 20th.
Check Out Our Latest Report on LPTH
LightPath Technologies Price Performance
LPTH traded up $0.26 during trading on Thursday, reaching $3.79. 799,957 shares of the company traded hands, compared to its average volume of 95,038. LightPath Technologies has a 12-month low of $1.04 and a 12-month high of $4.09. The firm has a fifty day simple moving average of $2.03 and a 200 day simple moving average of $1.59. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.03 and a current ratio of 1.73. The company has a market cap of $150.33 million, a P/E ratio of -17.23 and a beta of 1.32.
Institutional Investors Weigh In On LightPath Technologies
Several hedge funds and other institutional investors have recently made changes to their positions in LPTH. Murphy Pohlad Asset Management LLC lifted its stake 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 during the last quarter. B. Riley Wealth Advisors Inc. lifted its position in shares of LightPath Technologies by 104.7% during 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 boosted its stake in shares of LightPath Technologies by 5.7% during the second 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.
About LightPath Technologies
(
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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.
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