HC Wainwright Issues Positive Forecast for LightPath Technologies (NASDAQ:LPTH) Stock Price

LightPath Technologies (NASDAQ:LPTH) had its price objective boosted by HC Wainwright from $3.00 to $5.00 in a research note published on Friday morning, Marketbeat reports. They currently have a buy rating on the technology company’s stock.

LPTH has been the subject of several other reports. StockNews.com cut LightPath Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. LADENBURG THALM/SH SH boosted 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. Finally, Lake Street Capital boosted their price target on LightPath Technologies from $3.00 to $4.00 and gave the stock a “buy” rating in a research report on Friday, December 27th.

LightPath Technologies Stock Up 9.2 %

LightPath Technologies stock opened at $4.14 on Friday. The stock has a market capitalization of $164.21 million, a PE ratio of -18.82 and a beta of 1.32. LightPath Technologies has a 12 month low of $1.04 and a 12 month high of $4.14. The business has a 50 day simple moving average of $2.12 and a 200-day simple moving average of $1.62. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.73 and a quick ratio of 1.03.

Institutional Trading of LightPath Technologies

Large investors have recently added to or reduced their stakes in the stock. AIGH Capital Management LLC grew its holdings in 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 valued at $4,692,000 after buying an additional 200,000 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in 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 grew its holdings in 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 buying an additional 12,600 shares in the last quarter. 56.29% of the stock is currently owned by hedge funds and other 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.