LightPath Technologies (NASDAQ:LPTH) Stock Crosses Above 200 Day Moving Average – Should You Sell?

LightPath Technologies, Inc. (NASDAQ:LPTH) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.72 and traded as high as $3.20. LightPath Technologies shares last traded at $2.98, with a volume of 647,469 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. LADENBURG THALM/SH SH lifted their target price on LightPath Technologies from $3.00 to $5.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. HC Wainwright lifted their price objective on LightPath Technologies from $3.00 to $5.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Lake Street Capital upped their target price on shares of LightPath Technologies from $3.00 to $4.00 and gave the company a “buy” rating in a research note on Friday, December 27th. Finally, StockNews.com downgraded shares of LightPath Technologies from a “hold” rating to a “sell” rating in a report on Saturday, January 4th.

LightPath Technologies Stock Up 4.7 %

The company has a quick ratio of 1.03, a current ratio of 1.73 and a debt-to-equity ratio of 0.03. The company has a fifty day simple moving average of $2.38 and a 200-day simple moving average of $1.73. The firm has a market cap of $123.36 million, a P/E ratio of -14.14 and a beta of 1.04.

Institutional Investors Weigh In On LightPath Technologies

A hedge fund recently raised its stake in LightPath Technologies stock. Murphy Pohlad Asset Management LLC boosted its holdings in shares of LightPath Technologies, Inc. (NASDAQ:LPTH) by 22.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 69,100 shares of the technology company’s stock after purchasing an additional 12,600 shares during the quarter. Murphy Pohlad Asset Management LLC owned about 0.18% of LightPath Technologies worth $95,000 at the end of the most recent quarter. 56.29% of the stock is owned by institutional investors and hedge funds.

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.