LightPath Technologies (NASDAQ:LPTH) Lowered to Sell Rating by StockNews.com

LightPath Technologies (NASDAQ:LPTH) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

LPTH has been the subject of a number of other reports. HC Wainwright boosted their price target on LightPath Technologies from $3.00 to $5.00 and gave the company a “buy” rating in a research note on Friday. LADENBURG THALM/SH SH increased their target price on LightPath Technologies from $3.00 to $5.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Lake Street Capital increased their price objective on shares of LightPath Technologies from $3.00 to $4.00 and gave the company a “buy” rating in a report on Friday, December 27th.

LightPath Technologies Price Performance

NASDAQ LPTH opened at $4.14 on Friday. The stock has a market capitalization of $164.21 million, a price-to-earnings ratio of -18.82 and a beta of 1.32. LightPath Technologies has a 1-year low of $1.04 and a 1-year high of $4.14. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.73 and a quick ratio of 1.03. The business’s fifty day moving average price is $2.12 and its 200-day moving average price is $1.62.

Institutional Investors Weigh In On LightPath Technologies

Several large investors have recently modified their holdings of LPTH. Murphy Pohlad Asset Management LLC raised its stake in LightPath Technologies by 22.3% in the third quarter. Murphy Pohlad Asset Management LLC now owns 69,100 shares of the technology company’s stock worth $95,000 after buying 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 purchasing an additional 67,429 shares in the last quarter. Finally, AIGH Capital Management LLC grew its stake in LightPath Technologies by 5.7% in 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 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.