LightPath Technologies (NASDAQ:LPTH) Downgraded to “Sell” Rating by StockNews.com

StockNews.com cut shares of LightPath Technologies (NASDAQ:LPTH) from a hold rating to a sell rating in a report issued on Saturday morning.

Several other analysts have also commented on the stock. HC Wainwright lifted their price target on shares of LightPath Technologies from $3.00 to $5.00 and gave the company a “buy” rating in a research report on Friday. LADENBURG THALM/SH SH upped their price target on LightPath Technologies from $3.00 to $5.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Lake Street Capital raised their price objective on LightPath Technologies from $3.00 to $4.00 and gave the stock a “buy” rating in a research report on Friday, December 27th.

LightPath Technologies Price Performance

LightPath Technologies stock opened at $4.14 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.03 and a debt-to-equity ratio of 0.03. The company has a 50-day moving average price of $2.12 and a 200 day moving average price of $1.62. LightPath Technologies has a 12-month low of $1.04 and a 12-month high of $4.14. The stock has a market cap of $164.21 million, a P/E ratio of -18.82 and a beta of 1.04.

Institutional Investors Weigh In On LightPath Technologies

Institutional investors and hedge funds have recently modified their holdings of the company. Murphy Pohlad Asset Management LLC grew its position in LightPath Technologies by 22.3% in the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 69,100 shares of the technology company’s stock valued at $95,000 after acquiring an additional 12,600 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in shares of LightPath Technologies by 104.7% in the second 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 grew its holdings 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 valued at $4,692,000 after purchasing an additional 200,000 shares in the last quarter. Hedge funds and other institutional investors 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.