LightPath Technologies (NASDAQ:LPTH) Now Covered by StockNews.com

Stock analysts at StockNews.com started coverage on shares of LightPath Technologies (NASDAQ:LPTH) in a research report issued to clients and investors on Friday. The brokerage set a “hold” rating on the technology company’s stock.

LightPath Technologies Stock Up 3.3 %

Shares of LightPath Technologies stock opened at $1.27 on Friday. The business has a fifty day simple moving average of $1.31 and a 200 day simple moving average of $1.35. The stock has a market cap of $49.28 million, a PE ratio of -7.06 and a beta of 1.31. The company has a quick ratio of 1.13, a current ratio of 2.01 and a debt-to-equity ratio of 0.03. LightPath Technologies has a 12 month low of $1.04 and a 12 month high of $1.77.

Institutional Trading of LightPath Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the stock. AIGH Capital Management LLC grew its holdings in 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. Archon Capital Management LLC boosted its position in shares of LightPath Technologies by 1.8% during the first 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. Vanguard Group Inc. grew its holdings in shares of LightPath Technologies by 15.6% in the 1st quarter. Vanguard Group Inc. now owns 1,571,852 shares of the technology company’s stock valued at $2,169,000 after buying an additional 211,626 shares during the period. B. Riley Wealth Advisors Inc. increased its position in shares of LightPath Technologies by 104.7% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 131,824 shares of the technology company’s stock valued at $166,000 after buying an additional 67,429 shares in the last quarter. Finally, Murphy Pohlad Asset Management LLC raised its stake in LightPath Technologies by 22.8% during the 2nd quarter. Murphy Pohlad Asset Management LLC now owns 56,500 shares of the technology company’s stock worth $71,000 after buying an additional 10,500 shares during the period. 56.29% of the stock is owned by institutional investors.

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.