LightPath Technologies (NASDAQ:LPTH) Now Covered by StockNews.com

Investment analysts at StockNews.com started coverage on shares of LightPath Technologies (NASDAQ:LPTH) in a report released on Monday. The brokerage set a “hold” rating on the technology company’s stock.

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

LightPath Technologies Stock Performance

NASDAQ:LPTH opened at $1.35 on Monday. The company has a 50-day moving average of $1.31 and a 200-day moving average of $1.40. The firm has a market cap of $52.39 million, a price-to-earnings ratio of -7.50 and a beta of 1.30. The company has a current ratio of 2.01, a quick ratio of 1.13 and a debt-to-equity ratio of 0.03. LightPath Technologies has a twelve month low of $1.12 and a twelve month high of $1.85.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LPTH. Murphy Pohlad Asset Management LLC lifted its holdings in LightPath Technologies by 22.8% in the 2nd quarter. Murphy Pohlad Asset Management LLC now owns 56,500 shares of the technology company’s stock worth $71,000 after purchasing an additional 10,500 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its position in shares of LightPath Technologies by 73.7% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 111,824 shares of the technology company’s stock valued at $141,000 after purchasing an additional 47,429 shares during the period. Vanguard Group Inc. lifted its stake in shares of LightPath Technologies by 15.6% in the first quarter. Vanguard Group Inc. now owns 1,571,852 shares of the technology company’s stock worth $2,169,000 after buying an additional 211,626 shares during the last quarter. Archon Capital Management LLC boosted its holdings in shares of LightPath Technologies by 1.8% during the 1st quarter. Archon Capital Management LLC now owns 2,082,934 shares of the technology company’s stock worth $2,874,000 after buying an additional 37,400 shares during the period. Finally, AMH Equity Ltd grew its stake in LightPath Technologies by 12.4% in the 4th quarter. AMH Equity Ltd now owns 2,819,071 shares of the technology company’s stock valued at $3,552,000 after buying an additional 310,870 shares during the last quarter. 56.29% of the stock is owned by institutional investors.

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.