LightPath Technologies, Inc. (NASDAQ:LPTH)’s share price hit a new 52-week high and low during mid-day trading on Wednesday . The company traded as low as $1.97 and last traded at $2.01, with a volume of 177972 shares traded. The stock had previously closed at $2.10.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised LightPath Technologies from a “sell” rating to a “buy” rating and set a $2.75 price target for the company in a research note on Tuesday, January 23rd. B. Riley assumed coverage on LightPath Technologies in a research note on Wednesday, April 4th. They issued a “buy” rating and a $2.75 price target for the company. Finally, Roth Capital set a $3.00 price target on LightPath Technologies and gave the company a “buy” rating in a research note on Wednesday, February 14th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $2.90.
The company has a market cap of $54.03, a price-to-earnings ratio of 5.53, a PEG ratio of 1.75 and a beta of -0.26. The company has a quick ratio of 2.75, a current ratio of 3.88 and a debt-to-equity ratio of 0.30.
TRADEMARK VIOLATION NOTICE: This report was originally published by Markets Daily and is the sole property of of Markets Daily. If you are accessing this report on another publication, it was stolen and republished in violation of United States & international copyright & trademark laws. The original version of this report can be viewed at https://www.themarketsdaily.com/2018/04/25/lightpath-technologies-lpth-hits-new-1-year-high-and-low-at-1-97.html.
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, GRADIUM glass lenses, and other optical materials used to produce products that manipulate light.
Receive News & Ratings for LightPath Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LightPath Technologies and related companies with MarketBeat.com's FREE daily email newsletter.