LightPath Technologies, Inc. (NASDAQ:LPTH) Given Consensus Rating of “Moderate Buy” by Brokerages

LightPath Technologies, Inc. (NASDAQ:LPTH) has received a consensus rating of “Moderate Buy” from the six research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $9.1250.

Several brokerages have recently weighed in on LPTH. Lake Street Capital increased their target price on shares of LightPath Technologies from $7.50 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, November 12th. HC Wainwright increased their price objective on shares of LightPath Technologies from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, November 12th. LADENBURG THALM/SH SH raised shares of LightPath Technologies to a “strong-buy” rating in a research note on Thursday, December 18th. Wall Street Zen raised LightPath Technologies from a “sell” rating to a “hold” rating in a research report on Sunday. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of LightPath Technologies in a research report on Wednesday, October 8th.

Institutional Trading of LightPath Technologies

Several institutional investors and hedge funds have recently modified their holdings of LPTH. FNY Investment Advisers LLC bought a new position in LightPath Technologies in the third quarter worth approximately $396,000. Hudson Bay Capital Management LP purchased a new stake in shares of LightPath Technologies in the 3rd quarter worth $84,000. Tudor Investment Corp ET AL bought a new position in shares of LightPath Technologies during the 3rd quarter worth $8,445,000. Wexford Capital LP bought a new position in shares of LightPath Technologies during the 3rd quarter worth $88,000. Finally, Scientech Research LLC purchased a new position in shares of LightPath Technologies during the third quarter valued at $135,000. Institutional investors own 56.29% of the company’s stock.

LightPath Technologies Stock Performance

NASDAQ:LPTH opened at $8.53 on Thursday. The stock’s fifty day moving average is $7.82 and its 200 day moving average is $5.72. LightPath Technologies has a fifty-two week low of $1.61 and a fifty-two week high of $10.69. The firm has a market capitalization of $388.37 million, a PE ratio of -21.87 and a beta of 1.08. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.26 and a current ratio of 1.98.

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.