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

Shares of LightPath Technologies, Inc. (NASDAQ:LPTH) have earned an average rating of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $6.50.

LPTH has been the subject of several research reports. Zacks Research upgraded shares of LightPath Technologies to a “hold” rating in a report on Tuesday, August 12th. Wall Street Zen lowered shares of LightPath Technologies from a “hold” rating to a “sell” rating in a report on Friday, September 26th. HC Wainwright upped their price objective on shares of LightPath Technologies from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Friday, September 26th. Lake Street Capital upped their price objective on shares of LightPath Technologies from $4.00 to $7.50 and gave the stock a “buy” rating in a report on Friday, September 26th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of LightPath Technologies in a report on Saturday, September 27th.

LightPath Technologies Stock Down 4.9%

Shares of NASDAQ LPTH opened at $7.77 on Friday. The company has a current ratio of 2.30, a quick ratio of 1.26 and a debt-to-equity ratio of 0.33. LightPath Technologies has a 12 month low of $1.40 and a 12 month high of $8.43. The firm has a market capitalization of $347.09 million, a PE ratio of -21.58 and a beta of 1.18. The firm has a fifty day simple moving average of $5.15 and a two-hundred day simple moving average of $3.46.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Thompson Davis & CO. Inc. bought a new position in shares of LightPath Technologies in the 2nd quarter worth about $134,000. Mink Brook Asset Management LLC bought a new position in shares of LightPath Technologies in the 2nd quarter worth about $246,000. Marathon Capital Management bought a new position in shares of LightPath Technologies in the 2nd quarter worth about $54,000. J.W. Cole Advisors Inc. bought a new position in shares of LightPath Technologies in the 2nd quarter worth about $79,000. Finally, Wealth Effects LLC increased its stake 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 acquiring an additional 7,500 shares in the last quarter. 56.29% of the stock is currently owned by institutional investors.

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.