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

LightPath Technologies (NASDAQ:LPTH) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Saturday.

Several other research firms also recently commented on LPTH. HC Wainwright raised their price objective on LightPath Technologies from $3.00 to $5.00 and gave the stock a “buy” rating in a research note on Friday. LADENBURG THALM/SH SH lifted their target price on shares of LightPath Technologies from $3.00 to $5.00 and gave the company 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 note on Friday, December 27th.

LightPath Technologies Trading Up 9.2 %

NASDAQ:LPTH opened at $4.14 on Friday. LightPath Technologies has a one year low of $1.04 and a one year high of $4.14. The business has a fifty day moving average price of $2.12 and a 200-day moving average price of $1.63. 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 has a debt-to-equity ratio of 0.03, a current ratio of 1.73 and a quick ratio of 1.03.

Hedge Funds Weigh In On LightPath Technologies

Institutional investors have recently bought and sold shares of the business. Murphy Pohlad Asset Management LLC raised 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 valued at $95,000 after buying an additional 12,600 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its position in 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 valued at $166,000 after purchasing an additional 67,429 shares during the period. Finally, AIGH Capital Management LLC lifted its stake in shares of 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 last quarter. 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.