Lake Street Capital Issues Positive Forecast for LightPath Technologies (NASDAQ:LPTH) Stock Price

LightPath Technologies (NASDAQ:LPTH) had its price objective boosted by Lake Street Capital from $3.00 to $4.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

Other equities analysts have also issued research reports about the stock. StockNews.com lowered shares of LightPath Technologies from a “hold” rating to a “sell” rating in a report on Wednesday. HC Wainwright reissued a “buy” rating and issued a $3.00 target price on shares of LightPath Technologies in a research note on Friday, September 20th.

LightPath Technologies Stock Performance

Shares of LPTH opened at $3.49 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.03 and a debt-to-equity ratio of 0.03. The stock has a 50-day moving average price of $1.92 and a 200-day moving average price of $1.53. The company has a market cap of $138.43 million, a PE ratio of -15.86 and a beta of 1.32. LightPath Technologies has a 12-month low of $1.04 and a 12-month high of $3.59.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Murphy Pohlad Asset Management LLC boosted its stake in shares of LightPath Technologies by 22.3% in the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 69,100 shares of the technology company’s stock valued at $95,000 after purchasing an additional 12,600 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted 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 buying an additional 67,429 shares during the period. Finally, AIGH Capital Management LLC grew its stake in shares of 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 buying an additional 200,000 shares during the last quarter. 56.29% of the stock is currently owned by institutional investors.

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.