LightPath Technologies (NASDAQ:LPTH) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of LightPath Technologies (NASDAQ:LPTH) in a research report released on Wednesday. The firm issued a hold rating on the technology company’s stock.

Separately, HC Wainwright reissued a buy rating and issued a $3.00 price objective on shares of LightPath Technologies in a report on Friday, May 10th.

LightPath Technologies Stock Performance

Shares of NASDAQ LPTH opened at $1.17 on Wednesday. The firm’s 50-day moving average price is $1.33 and its 200-day moving average price is $1.37. The company has a quick ratio of 1.13, a current ratio of 2.01 and a debt-to-equity ratio of 0.03. The company has a market cap of $45.40 million, a PE ratio of -6.50 and a beta of 1.31. LightPath Technologies has a 52-week low of $1.12 and a 52-week high of $1.77.

Hedge Funds Weigh In On LightPath Technologies

Several large investors have recently added to or reduced their stakes in the company. Murphy Pohlad Asset Management LLC raised its position in shares of LightPath Technologies by 22.8% during the second quarter. Murphy Pohlad Asset Management LLC now owns 56,500 shares of the technology company’s stock valued at $71,000 after buying an additional 10,500 shares during the last quarter. Archon Capital Management LLC raised its position in shares of LightPath Technologies by 1.8% during the first quarter. Archon Capital Management LLC now owns 2,082,934 shares of the technology company’s stock valued at $2,874,000 after buying an additional 37,400 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its position in shares of LightPath Technologies by 73.7% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 111,824 shares of the technology company’s stock valued at $141,000 after buying an additional 47,429 shares during the last quarter. AIGH Capital Management LLC raised its position in shares of LightPath Technologies by 5.7% during the second quarter. AIGH Capital Management LLC now owns 3,723,932 shares of the technology company’s stock valued at $4,692,000 after buying an additional 200,000 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of LightPath Technologies by 15.6% during the first quarter. Vanguard Group Inc. now owns 1,571,852 shares of the technology company’s stock valued at $2,169,000 after buying an additional 211,626 shares during the last quarter. Hedge funds and other institutional investors own 56.29% of the company’s stock.

About LightPath Technologies

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.