LightPath Technologies (NASDAQ:LPTH) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

LightPath Technologies, Inc. (NASDAQ:LPTH)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.39 and traded as high as $8.98. LightPath Technologies shares last traded at $8.80, with a volume of 743,764 shares.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on LPTH shares. Zacks Research raised shares of LightPath Technologies to a “hold” rating in a report on Tuesday, August 12th. HC Wainwright lifted their price objective on LightPath Technologies from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, November 12th. Wall Street Zen upgraded LightPath Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Lake Street Capital increased their price objective on LightPath Technologies from $7.50 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, November 12th. Finally, LADENBURG THALM/SH SH boosted their target price on shares of LightPath Technologies from $9.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, November 12th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.13.

LightPath Technologies Stock Up 0.7%

The stock has a market capitalization of $399.78 million, a price-to-earnings ratio of -22.56 and a beta of 1.08. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.98 and a quick ratio of 1.26. The firm has a 50 day simple moving average of $7.92 and a 200-day simple moving average of $5.39.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC increased its holdings in LightPath Technologies by 92.1% during the 1st quarter. Jane Street Group LLC now owns 60,612 shares of the technology company’s stock valued at $122,000 after purchasing an additional 29,054 shares in the last quarter. Wealth Effects LLC grew its holdings in shares of LightPath Technologies by 5.8% during the second quarter. Wealth Effects LLC now owns 136,000 shares of the technology company’s stock worth $419,000 after purchasing an additional 7,500 shares during the last quarter. Thompson Davis & CO. Inc. acquired a new stake in shares of LightPath Technologies in the second quarter valued at $137,000. J.W. Cole Advisors Inc. bought a new position in shares of LightPath Technologies in the second quarter valued at about $79,000. Finally, Marathon Capital Management acquired a new position in LightPath Technologies during the 2nd quarter worth about $54,000. 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.