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

LightPath Technologies (NASDAQ:LPTH) had its price objective increased by HC Wainwright from $3.00 to $5.00 in a report issued on Friday morning, MarketBeat reports. The brokerage currently has a buy rating on the technology company’s stock.

Other equities analysts have also issued research reports about the company. StockNews.com lowered LightPath Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, December 25th. Lake Street Capital upped their price target on LightPath Technologies from $3.00 to $4.00 and gave the company a “buy” rating in a research note on Friday, December 27th. Finally, LADENBURG THALM/SH SH increased their target price on LightPath Technologies from $3.00 to $5.00 and gave the stock a “buy” rating in a research note on Thursday.

LightPath Technologies Stock Performance

Shares of LightPath Technologies stock opened at $4.14 on Friday. LightPath Technologies has a 52 week low of $1.04 and a 52 week high of $4.14. The business’s fifty day simple moving average is $2.12 and its 200-day simple moving average is $1.62. The firm has a market cap of $164.21 million, a PE ratio of -18.82 and a beta of 1.32. The company has a quick ratio of 1.03, a current ratio of 1.73 and a debt-to-equity ratio of 0.03.

Hedge Funds Weigh In On LightPath Technologies

Hedge funds have recently bought and sold shares of the company. Murphy Pohlad Asset Management LLC lifted its stake in 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 in the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in LightPath Technologies by 104.7% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 131,824 shares of the technology company’s stock worth $166,000 after acquiring an additional 67,429 shares in the last quarter. Finally, AIGH Capital Management LLC lifted its stake 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 acquiring an additional 200,000 shares in the last quarter. Institutional investors and hedge funds own 56.29% of the company’s stock.

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.