Equities researchers at StockNews.com assumed coverage on shares of LightPath Technologies (NASDAQ:LPTH – Get Rating) in a research report issued on Saturday. The brokerage set a “hold” rating on the technology company’s stock.
Separately, HC Wainwright reissued a “buy” rating and set a $3.50 price objective on shares of LightPath Technologies in a report on Tuesday, May 17th.
LightPath Technologies Price Performance
LightPath Technologies stock opened at $1.60 on Friday. The company has a market cap of $43.28 million, a P/E ratio of -8.42 and a beta of 1.61. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.47 and a current ratio of 2.51. LightPath Technologies has a one year low of $1.07 and a one year high of $2.87. The business has a fifty day moving average of $1.42 and a two-hundred day moving average of $1.79.
Institutional Investors Weigh In On LightPath Technologies
Large investors have recently added to or reduced their stakes in the stock. AIGH Capital Management LLC bought a new stake in LightPath Technologies during the fourth quarter worth $3,344,000. Worth Venture Partners LLC raised its position in LightPath Technologies by 62.0% during the 1st quarter. Worth Venture Partners LLC now owns 509,425 shares of the technology company’s stock worth $1,004,000 after purchasing an additional 195,018 shares during the last quarter. Royce & Associates LP grew its holdings in LightPath Technologies by 4.1% during the 4th quarter. Royce & Associates LP now owns 1,218,084 shares of the technology company’s stock worth $2,972,000 after acquiring an additional 48,100 shares during the period. Game Plan Financial Advisors LLC grew its holdings in LightPath Technologies by 28.7% during the 1st quarter. Game Plan Financial Advisors LLC now owns 112,000 shares of the technology company’s stock worth $221,000 after acquiring an additional 25,000 shares during the period. Finally, Virtu Financial LLC acquired a new stake in shares of LightPath Technologies in the 1st quarter valued at about $36,000. Institutional investors and hedge funds own 42.71% 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. Its products are used in defense products, medical devices, laser aided industrial tools, automotive safety applications, barcode scanners, optical data storage, hybrid fiber coax datacom, telecommunications, machine vision and sensors, and other industries.
- Get a free copy of the StockNews.com research report on LightPath Technologies (LPTH)
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