Roth Capital Reiterates “$3.00” Price Target for LightPath Technologies (LPTH)

Roth Capital set a $3.00 price objective on LightPath Technologies (NASDAQ:LPTH) in a report issued on Wednesday morning. The firm currently has a buy rating on the technology company’s stock.

Separately, Zacks Investment Research cut LightPath Technologies from a hold rating to a sell rating in a research report on Tuesday, January 9th. Four equities research analysts have rated the stock with a buy rating, The company presently has a consensus rating of Buy and an average target price of $2.95.

Shares of LightPath Technologies (NASDAQ:LPTH) opened at $2.38 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.18 and a quick ratio of 2.29. The company has a market capitalization of $58.92, a PE ratio of 6.94, a price-to-earnings-growth ratio of 1.39 and a beta of -0.53. LightPath Technologies has a 1 year low of $1.90 and a 1 year high of $4.10.

Several large investors have recently added to or reduced their stakes in LPTH. Dimensional Fund Advisors LP grew its position in shares of LightPath Technologies by 1,332.3% during the second quarter. Dimensional Fund Advisors LP now owns 311,047 shares of the technology company’s stock worth $840,000 after purchasing an additional 289,330 shares in the last quarter. Vanguard Group Inc. grew its position in shares of LightPath Technologies by 19.0% during the second quarter. Vanguard Group Inc. now owns 715,226 shares of the technology company’s stock worth $1,931,000 after purchasing an additional 114,279 shares in the last quarter. Essex Investment Management Co. LLC grew its position in shares of LightPath Technologies by 152.6% during the third quarter. Essex Investment Management Co. LLC now owns 143,267 shares of the technology company’s stock worth $367,000 after purchasing an additional 86,541 shares in the last quarter. Virtu Financial LLC grew its position in shares of LightPath Technologies by 414.2% during the fourth quarter. Virtu Financial LLC now owns 82,052 shares of the technology company’s stock worth $182,000 after purchasing an additional 66,094 shares in the last quarter. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of LightPath Technologies during the fourth quarter worth about $143,000. Hedge funds and other institutional investors own 29.38% of the company’s stock.

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LightPath Technologies Company Profile

LightPath Technologies, Inc is a manufacturer and integrator of families of precision molded aspheric optics, fiber-optic collimator, GRADIUM glass lenses and other optical materials used to produce products that manipulate light. The Company designs, develops, manufactures and distributes optical components and assemblies utilizing the optical processes and manufacturing technologies.

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