Analysts Set LightPath Technologies, Inc. (NASDAQ:LPTH) PT at $9.13

Shares of LightPath Technologies, Inc. (NASDAQ:LPTH) have been given an average rating of “Moderate Buy” by the six analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $9.1250.

Several equities analysts have commented on the company. Wall Street Zen raised LightPath Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. HC Wainwright boosted their target price on shares of LightPath Technologies from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, November 12th. Lake Street Capital raised their price target on shares of LightPath Technologies from $7.50 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, November 12th. Zacks Research upgraded shares of LightPath Technologies to a “hold” rating in a report on Tuesday, August 12th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of LightPath Technologies in a research report on Wednesday, October 8th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Wexford Capital LP bought a new stake in LightPath Technologies during the 3rd quarter valued at $88,000. Scientech Research LLC purchased a new position in shares of LightPath Technologies during the third quarter valued at $135,000. Qube Research & Technologies Ltd purchased a new position in shares of LightPath Technologies during the third quarter valued at $600,000. Millennium Management LLC bought a new stake in shares of LightPath Technologies in the third quarter valued at about $244,000. Finally, Bank of America Corp DE lifted its stake in LightPath Technologies by 1,085.1% in the third quarter. Bank of America Corp DE now owns 28,110 shares of the technology company’s stock worth $223,000 after acquiring an additional 25,738 shares during the period. 56.29% of the stock is currently owned by hedge funds and other institutional investors.

LightPath Technologies Trading Up 0.1%

LPTH opened at $6.92 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.91 and a current ratio of 1.66. The stock’s 50 day moving average price is $7.77 and its 200-day moving average price is $5.03. LightPath Technologies has a one year low of $1.60 and a one year high of $10.69. The stock has a market cap of $314.35 million, a price-to-earnings ratio of -19.22 and a beta of 1.18.

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.