LightPath Technologies (NASDAQ:LPTH) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of LightPath Technologies, Inc. (NASDAQ:LPTH) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 traded.

Wall Street Analyst Weigh In

LPTH has been the subject of a number of research reports. LADENBURG THALM/SH SH lifted their price target on LightPath Technologies from $3.00 to $5.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. HC Wainwright lifted their target price 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 increased their price target on shares of LightPath Technologies from $3.00 to $4.00 and gave the stock a “buy” rating in a report on Friday, December 27th. Finally, StockNews.com lowered shares of LightPath Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, January 4th.

LightPath Technologies Price Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.03 and a current ratio of 1.73. The firm has a market cap of $118.20 million, a PE ratio of -13.55 and a beta of 1.04. The stock has a 50 day simple moving average of $2.35 and a two-hundred day simple moving average of $1.72.

Institutional Trading of LightPath Technologies

An institutional investor recently raised its position in LightPath Technologies stock. Murphy Pohlad Asset Management LLC grew its position in LightPath Technologies, Inc. (NASDAQ:LPTH) by 22.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 69,100 shares of the technology company’s stock after acquiring an additional 12,600 shares during the period. 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.

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.