LightPath Technologies (NASDAQ:LPTH) Downgraded to “Sell” Rating by StockNews.com

StockNews.com lowered shares of LightPath Technologies (NASDAQ:LPTH) from a hold rating to a sell rating in a research report sent to investors on Wednesday.

Separately, HC Wainwright restated a “buy” rating and set a $3.00 price target on shares of LightPath Technologies in a research report on Friday, September 20th.

LightPath Technologies Stock Performance

NASDAQ:LPTH opened at $3.25 on Wednesday. The stock has a market cap of $128.93 million, a price-to-earnings ratio of -14.77 and a beta of 1.32. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.03 and a current ratio of 1.73. LightPath Technologies has a 1 year low of $1.04 and a 1 year high of $3.40. The business has a fifty day moving average of $1.85 and a 200-day moving average of $1.51.

Institutional Trading of LightPath Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Murphy Pohlad Asset Management LLC boosted its stake in LightPath Technologies by 22.3% during the third 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. grew its stake 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 worth $166,000 after purchasing an additional 67,429 shares during the last quarter. Finally, AIGH Capital Management LLC raised its holdings 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 worth $4,692,000 after purchasing an additional 200,000 shares in 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.