Relyea Zuckerberg Hanson LLC cut its position in LightPath Technologies, Inc. (NASDAQ:LPTH - Free Report) by 10.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 997,405 shares of the technology company's stock after selling 120,000 shares during the quarter. Relyea Zuckerberg Hanson LLC owned approximately 2.51% of LightPath Technologies worth $3,521,000 at the end of the most recent reporting period.
Separately, Murphy Pohlad Asset Management LLC raised its stake in 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 valued at $95,000 after purchasing an additional 12,600 shares during the last quarter. Institutional investors and hedge funds own 56.29% of the company's stock.
Analysts Set New Price Targets
Several analysts have issued reports on the stock. HC Wainwright raised their price target on shares of LightPath Technologies from $3.00 to $5.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. StockNews.com downgraded LightPath Technologies from a "hold" rating to a "sell" rating in a research report on Saturday, January 4th. Lake Street Capital upped 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. Finally, LADENBURG THALM/SH SH lifted their price objective on LightPath Technologies from $3.00 to $5.00 and gave the stock a "buy" rating in a report on Thursday, January 2nd.
Read Our Latest Stock Report on LPTH
LightPath Technologies Price Performance
Shares of LightPath Technologies stock traded up $0.31 during trading on Friday, hitting $3.37. 352,198 shares of the company's stock traded hands, compared to its average volume of 600,930. The company has a market cap of $133.69 million, a PE ratio of -15.32 and a beta of 1.04. The firm's fifty day moving average price is $2.47 and its 200 day moving average price is $1.77. LightPath Technologies, Inc. has a twelve month low of $1.04 and a twelve month high of $4.42. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.73 and a quick ratio of 1.03.
LightPath Technologies Profile
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Free Report)
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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