LightPath Technologies (NASDAQ:LPTH) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of LightPath Technologies (NASDAQ:LPTH) from a sell rating to a hold rating in a report issued on Sunday.

A number of other analysts also recently weighed in on LPTH. 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 report on Wednesday, November 12th. LADENBURG THALM/SH SH upgraded shares of LightPath Technologies to a “strong-buy” rating in a research note on Thursday, December 18th. HC Wainwright raised their price objective on shares of LightPath Technologies from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, November 12th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of LightPath Technologies in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $9.13.

LightPath Technologies Price Performance

Shares of NASDAQ LPTH opened at $8.71 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.98 and a debt-to-equity ratio of 0.24. LightPath Technologies has a fifty-two week low of $1.61 and a fifty-two week high of $10.69. The business has a 50 day moving average price of $7.78 and a two-hundred day moving average price of $5.76. The firm has a market cap of $396.57 million, a PE ratio of -22.33 and a beta of 1.08.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Jane Street Group LLC boosted its holdings in shares of LightPath Technologies by 92.1% in the 1st quarter. Jane Street Group LLC now owns 60,612 shares of the technology company’s stock valued at $122,000 after buying an additional 29,054 shares during the period. Wealth Effects LLC lifted its holdings in LightPath Technologies by 5.8% in the second 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 during the last quarter. Thompson Davis & CO. Inc. acquired a new position in LightPath Technologies in the second quarter valued at approximately $137,000. J.W. Cole Advisors Inc. bought a new position in shares of LightPath Technologies during the second quarter valued at approximately $79,000. Finally, Marathon Capital Management bought a new position in shares of LightPath Technologies during the second quarter valued at approximately $54,000. 56.29% of the stock is currently owned by institutional investors.

About LightPath Technologies

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.