LightPath Technologies (NASDAQ:LPTH) Now Covered by Analysts at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of LightPath Technologies (NASDAQ:LPTH – Get Rating) in a note issued to investors on Sunday. The brokerage set a “hold” rating on the technology company’s stock.

Separately, HC Wainwright reissued a “buy” rating and issued a $3.00 target price on shares of LightPath Technologies in a research note on Thursday, April 20th.

LightPath Technologies Trading Down 2.6 %

NASDAQ LPTH opened at $1.50 on Friday. LightPath Technologies has a 12 month low of $0.99 and a 12 month high of $2.05. The stock has a market cap of $56.00 million, a P/E ratio of -9.38 and a beta of 1.61. The stock’s fifty day moving average price is $1.40 and its 200-day moving average price is $1.39. The company has a current ratio of 3.14, a quick ratio of 2.04 and a debt-to-equity ratio of 0.05.

Institutional Investors Weigh In On LightPath Technologies

Several institutional investors have recently modified their holdings of LPTH. AMH Equity Ltd bought a new position in LightPath Technologies in the first quarter valued at about $3,110,000. AIGH Capital Management LLC lifted its holdings in LightPath Technologies by 67.6% in the first quarter. AIGH Capital Management LLC now owns 3,401,932 shares of the technology company’s stock valued at $4,797,000 after acquiring an additional 1,372,100 shares during the period. Essex Investment Management Co. LLC bought a new position in LightPath Technologies in the first quarter valued at about $336,000. Worth Venture Partners LLC lifted its holdings in LightPath Technologies by 62.0% in the first quarter. Worth Venture Partners LLC now owns 509,425 shares of the technology company’s stock valued at $1,004,000 after acquiring an additional 195,018 shares during the period. Finally, Perkins Capital Management Inc. bought a new position in LightPath Technologies in the first quarter valued at about $192,000. 28.31% of the stock is owned by hedge funds and other institutional investors.

About LightPath Technologies

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LightPath Technologies, Inc designs, develops, manufactures, and distributes optical and infrared components. Its products include molded glass and assemblies, infrared molded lenses, diamond turned, conventional ground and polished ground lenses and assemblies, and collimator assemblies, which are used in applications involving light detection and ranging technology.