LightPath Technologies (NASDAQ:LPTH) Receives New Coverage from Analysts at StockNews.com

Investment analysts at StockNews.com started coverage on shares of LightPath Technologies (NASDAQ:LPTH) in a research note issued to investors on Monday. The brokerage set a “hold” rating on the technology company’s stock.

Separately, HC Wainwright reiterated a “buy” rating and issued a $3.00 price objective on shares of LightPath Technologies in a research note on Friday, May 10th.

LightPath Technologies Trading Up 0.8 %

Shares of LPTH stock opened at $1.34 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.13 and a current ratio of 2.01. LightPath Technologies has a fifty-two week low of $1.12 and a fifty-two week high of $1.85. The stock has a market capitalization of $52.00 million, a P/E ratio of -7.44 and a beta of 1.30. The company has a 50 day moving average price of $1.32 and a 200 day moving average price of $1.40.

Hedge Funds Weigh In On LightPath Technologies

Institutional investors and hedge funds have recently modified their holdings of the company. AMH Equity Ltd raised its stake in LightPath Technologies by 12.4% in the fourth quarter. AMH Equity Ltd now owns 2,819,071 shares of the technology company’s stock valued at $3,552,000 after buying an additional 310,870 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in LightPath Technologies by 73.7% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 111,824 shares of the technology company’s stock worth $141,000 after purchasing an additional 47,429 shares during the last quarter. Vanguard Group Inc. boosted its holdings in LightPath Technologies by 15.6% in the first quarter. Vanguard Group Inc. now owns 1,571,852 shares of the technology company’s stock valued at $2,169,000 after purchasing an additional 211,626 shares in the last quarter. Archon Capital Management LLC increased its stake in LightPath Technologies by 1.8% in the first quarter. Archon Capital Management LLC now owns 2,082,934 shares of the technology company’s stock valued at $2,874,000 after purchasing an additional 37,400 shares during the last quarter. Finally, Murphy Pohlad Asset Management LLC raised its holdings in LightPath Technologies by 22.8% during the second quarter. Murphy Pohlad Asset Management LLC now owns 56,500 shares of the technology company’s stock worth $71,000 after purchasing an additional 10,500 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.