LightPath Technologies (NASDAQ:LPTH) Given New $4.00 Price Target at Lake Street Capital

LightPath Technologies (NASDAQ:LPTH) had its price target hoisted by Lake Street Capital from $3.00 to $4.00 in a report published on Friday,Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

Other research analysts also recently issued research reports about the company. HC Wainwright restated a “buy” rating and set a $3.00 price target on shares of LightPath Technologies in a report on Friday, September 20th. StockNews.com cut LightPath Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday.

LightPath Technologies Price Performance

Shares of LightPath Technologies stock opened at $3.49 on Friday. The firm has a market cap of $138.43 million, a PE ratio of -15.86 and a beta of 1.32. The company’s fifty day simple moving average is $1.92 and its two-hundred day simple moving average is $1.53. The company has a quick ratio of 1.03, a current ratio of 1.73 and a debt-to-equity ratio of 0.03. LightPath Technologies has a 12-month low of $1.04 and a 12-month high of $3.59.

Institutional Trading of LightPath Technologies

Several institutional investors and hedge funds have recently bought and sold shares of LPTH. Murphy Pohlad Asset Management LLC grew its holdings in shares of LightPath Technologies by 22.3% during the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 69,100 shares of the technology company’s stock worth $95,000 after acquiring an additional 12,600 shares during the period. B. Riley Wealth Advisors Inc. lifted its stake in shares of 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 purchasing an additional 67,429 shares during the period. Finally, AIGH Capital Management LLC boosted its position in shares of LightPath Technologies by 5.7% during 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 in the last quarter. 56.29% of the stock is currently owned by hedge funds and other institutional investors.

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.