HC Wainwright Forecasts Strong Price Appreciation for LightPath Technologies (NASDAQ:LPTH) Stock

LightPath Technologies (NASDAQ:LPTH) had its price objective upped by HC Wainwright from $3.00 to $5.00 in a report published on Friday, MarketBeat Ratings reports. They currently have a buy rating on the technology company’s stock.

A number of other research firms also recently weighed in on LPTH. StockNews.com downgraded LightPath Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. LADENBURG THALM/SH SH upped their target price on LightPath Technologies from $3.00 to $5.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Lake Street Capital boosted their price target on LightPath Technologies from $3.00 to $4.00 and gave the stock a “buy” rating in a report on Friday, December 27th.

LightPath Technologies Stock Performance

NASDAQ:LPTH opened at $4.14 on Friday. The stock has a fifty day moving average price of $2.12 and a 200-day moving average price of $1.63. The company has a market cap of $164.21 million, a price-to-earnings ratio of -18.82 and a beta of 1.04. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.03 and a current ratio of 1.73. LightPath Technologies has a fifty-two week low of $1.04 and a fifty-two week high of $4.14.

Hedge Funds Weigh In On LightPath Technologies

A number of institutional investors have recently modified their holdings of LPTH. AIGH Capital Management LLC raised its holdings 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 buying an additional 200,000 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in 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 worth $166,000 after purchasing an additional 67,429 shares in the last quarter. Finally, Murphy Pohlad Asset Management LLC increased its holdings 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 worth $95,000 after purchasing an additional 12,600 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.