LightPath Technologies Sees Unusually High Options Volume (NASDAQ:LPTH)

LightPath Technologies, Inc. (NASDAQ:LPTH) was the recipient of unusually large options trading on Thursday. Stock investors acquired 23,567 call options on the stock. This is an increase of 533% compared to the average volume of 3,725 call options.

LightPath Technologies Price Performance

Shares of NASDAQ LPTH traded up $0.73 during mid-day trading on Thursday, reaching $13.96. 3,173,369 shares of the company traded hands, compared to its average volume of 2,661,908. LightPath Technologies has a fifty-two week low of $1.61 and a fifty-two week high of $15.04. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.98 and a quick ratio of 1.26. The firm has a market cap of $635.74 million, a PE ratio of -35.81 and a beta of 0.98. The stock has a fifty day simple moving average of $8.73 and a 200-day simple moving average of $6.65.

Insider Transactions at LightPath Technologies

In other LightPath Technologies news, Director Run Strategic Opportunit North sold 770,321 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $11.72, for a total value of $9,028,162.12. Following the sale, the director directly owned 2,728,968 shares in the company, valued at approximately $31,983,504.96. This trade represents a 22.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 24.80% of the company’s stock.

Institutional Trading of LightPath Technologies

Several institutional investors have recently modified their holdings of the company. Calamos Advisors LLC acquired a new position in LightPath Technologies during the third quarter worth about $1,322,000. Thompson Davis & CO. Inc. acquired a new position in shares of LightPath Technologies in the 2nd quarter worth approximately $134,000. Wealth Effects LLC raised its holdings in shares of LightPath Technologies by 5.8% in the 2nd quarter. Wealth Effects LLC now owns 136,000 shares of the technology company’s stock worth $419,000 after purchasing an additional 7,500 shares in the last quarter. Granite Investment Partners LLC acquired a new stake in LightPath Technologies during the third quarter valued at approximately $106,000. Finally, Marathon Capital Management bought a new stake in LightPath Technologies during the second quarter worth approximately $54,000. Institutional investors and hedge funds own 56.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LPTH. Wall Street Zen upgraded shares of LightPath Technologies from a “sell” rating to a “hold” rating in a research report on Sunday, December 21st. LADENBURG THALM/SH SH upgraded shares of LightPath Technologies to a “strong-buy” rating in a research note on Thursday, December 18th. HC Wainwright boosted their price objective on LightPath Technologies from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, November 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of LightPath Technologies in a report on Wednesday, October 8th. Finally, Lake Street Capital raised their target price on LightPath Technologies from $10.00 to $14.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $10.13.

LightPath Technologies Company Profile

LightPath Technologies, Inc designs, manufactures and distributes precision optical components and assemblies for a variety of commercial, industrial, defense and scientific applications. The company’s portfolio includes molded glass aspheric lenses, precision glass optics, infrared lenses and assemblies, diamond-turned optics and molded polymer optics. These components are engineered to support imaging, illumination, laser delivery, detection and sensing systems across visible, ultraviolet and infrared wavelengths.

Among its core offerings, LightPath develops infrared optical solutions using materials such as germanium, zinc selenide and chalcogenide glasses for thermal imaging, night-vision devices and spectroscopy.