LADENBURG THALM/SH SH Forecasts Strong Price Appreciation for LightPath Technologies (NASDAQ:LPTH) Stock

LightPath Technologies (NASDAQ:LPTH) had its target price upped by LADENBURG THALM/SH SH from $3.00 to $5.00 in a research note published on Thursday,Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

A number of other equities research analysts also recently commented on the company. StockNews.com downgraded LightPath Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. HC Wainwright reiterated a “buy” rating and set a $3.00 target price on shares of LightPath Technologies in a research report on Friday, September 20th. Finally, Lake Street Capital increased their price objective on shares of LightPath Technologies from $3.00 to $4.00 and gave the company a “buy” rating in a research note on Friday, December 27th.

LightPath Technologies Trading Up 7.4 %

Shares of LPTH stock opened at $3.79 on Thursday. The company has a market capitalization of $150.33 million, a P/E ratio of -17.23 and a beta of 1.32. The business’s 50 day moving average is $2.07 and its two-hundred day moving average is $1.60. The company has a current ratio of 1.73, a quick ratio of 1.03 and a debt-to-equity ratio of 0.03. LightPath Technologies has a twelve month low of $1.04 and a twelve month high of $4.09.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. AIGH Capital Management LLC boosted its position in shares of LightPath Technologies by 5.7% in the second quarter. AIGH Capital Management LLC now owns 3,723,932 shares of the technology company’s stock worth $4,692,000 after acquiring an additional 200,000 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings 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 last quarter. Finally, Murphy Pohlad Asset Management LLC increased its stake in LightPath Technologies by 22.3% during the third 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 last quarter. 56.29% of the stock is currently owned by institutional investors and hedge funds.

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.