LightPath Technologies (NASDAQ:LPTH) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of LightPath Technologies (NASDAQ:LPTH) in a research note published on Wednesday. The brokerage issued a hold rating on the technology company’s stock.

Separately, HC Wainwright reissued a buy rating and set a $3.00 price target on shares of LightPath Technologies in a research report on Friday, May 10th.

LightPath Technologies Price Performance

Shares of LightPath Technologies stock opened at $1.17 on Wednesday. LightPath Technologies has a 52-week low of $1.12 and a 52-week high of $1.77. The stock has a market capitalization of $45.40 million, a price-to-earnings ratio of -6.50 and a beta of 1.31. The company has a fifty day moving average of $1.33 and a 200-day moving average of $1.37. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.13 and a current ratio of 2.01.

Institutional Investors Weigh In On LightPath Technologies

Institutional investors have recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. boosted its position in LightPath Technologies by 73.7% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 111,824 shares of the technology company’s stock valued at $141,000 after buying an additional 47,429 shares during the period. Vanguard Group Inc. raised its holdings in LightPath Technologies by 15.6% in the 1st quarter. Vanguard Group Inc. now owns 1,571,852 shares of the technology company’s stock worth $2,169,000 after purchasing an additional 211,626 shares in the last quarter. Murphy Pohlad Asset Management LLC raised its holdings in LightPath Technologies by 22.8% in the 2nd quarter. Murphy Pohlad Asset Management LLC now owns 56,500 shares of the technology company’s stock worth $71,000 after purchasing an additional 10,500 shares in the last quarter. AIGH Capital Management LLC raised its holdings 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 worth $4,692,000 after purchasing an additional 200,000 shares in the last quarter. Finally, Archon Capital Management LLC raised its holdings in LightPath Technologies by 1.8% in the 1st quarter. Archon Capital Management LLC now owns 2,082,934 shares of the technology company’s stock worth $2,874,000 after purchasing an additional 37,400 shares in the last quarter. Hedge funds and other institutional investors own 56.29% of the company’s stock.

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.