LightPath Technologies (NASDAQ:LPTH) Now Covered by Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of LightPath Technologies (NASDAQ:LPTH) in a report issued on Tuesday. The firm set a “hold” rating on the technology company’s stock.

Separately, HC Wainwright restated a “buy” rating and issued a $3.00 price objective on shares of LightPath Technologies in a report on Friday, May 10th.

LightPath Technologies Stock Performance

NASDAQ LPTH opened at $1.37 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.01 and a quick ratio of 1.13. The company has a market cap of $53.17 million, a P/E ratio of -7.61 and a beta of 1.30. The stock has a 50-day moving average of $1.33 and a two-hundred day moving average of $1.39. LightPath Technologies has a 1-year low of $1.12 and a 1-year high of $1.85.

Institutional Investors Weigh In On LightPath Technologies

A number of hedge funds have recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. increased its position in shares of LightPath Technologies by 73.7% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 111,824 shares of the technology company’s stock valued at $141,000 after purchasing an additional 47,429 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of LightPath Technologies by 15.6% during the first quarter. Vanguard Group Inc. now owns 1,571,852 shares of the technology company’s stock worth $2,169,000 after purchasing an additional 211,626 shares in the last quarter. Archon Capital Management LLC increased its holdings in LightPath Technologies by 1.8% in the first quarter. Archon Capital Management LLC now owns 2,082,934 shares of the technology company’s stock valued at $2,874,000 after buying an additional 37,400 shares during the last quarter. Murphy Pohlad Asset Management LLC raised its stake in LightPath Technologies by 22.8% in the second quarter. Murphy Pohlad Asset Management LLC now owns 56,500 shares of the technology company’s stock valued at $71,000 after buying an additional 10,500 shares in the last quarter. Finally, AIGH Capital Management LLC lifted its holdings in LightPath Technologies by 5.7% during the 2nd quarter. AIGH Capital Management LLC now owns 3,723,932 shares of the technology company’s stock worth $4,692,000 after buying an additional 200,000 shares during the last quarter. Institutional investors and hedge funds own 56.29% of the company’s stock.

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.