LightPath Technologies (NASDAQ:LPTH) Cut to Sell at StockNews.com

StockNews.com downgraded shares of LightPath Technologies (NASDAQ:LPTH) from a hold rating to a sell rating in a report released on Wednesday.

Separately, HC Wainwright reissued a “buy” rating and set a $3.00 target price on shares of LightPath Technologies in a research report on Friday, September 20th.

LightPath Technologies Stock Performance

LPTH stock opened at $3.49 on Wednesday. The company has a market capitalization of $138.43 million, a price-to-earnings ratio of -15.86 and a beta of 1.32. The firm has a 50 day moving average of $1.92 and a two-hundred day moving average of $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.

Hedge Funds Weigh In On LightPath Technologies

A number of institutional investors have recently modified their holdings of the company. Murphy Pohlad Asset Management LLC grew its stake 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 buying an additional 12,600 shares during the last quarter. B. Riley Wealth Advisors Inc. increased 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 worth $166,000 after purchasing an additional 67,429 shares during the period. Finally, AIGH Capital Management LLC lifted its position in shares of 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 purchasing an additional 200,000 shares during the last quarter. Institutional investors 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.