LightPath Technologies (NASDAQ:LPTH) Receives New Coverage from Analysts at StockNews.com

Investment analysts at StockNews.com started coverage on shares of LightPath Technologies (NASDAQ:LPTH) in a research report issued to clients and investors on Friday. The brokerage set a “hold” rating on the technology company’s stock.

LightPath Technologies Stock Performance

Shares of LPTH opened at $1.27 on Friday. The firm has a market cap of $49.28 million, a P/E ratio of -7.06 and a beta of 1.31. LightPath Technologies has a twelve month low of $1.04 and a twelve month high of $1.77. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.13 and a current ratio of 2.01. The firm’s 50 day moving average price is $1.31 and its two-hundred day moving average price is $1.35.

Hedge Funds Weigh In On LightPath Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LPTH. B. Riley Wealth Advisors Inc. raised its stake in shares of LightPath Technologies by 73.7% in the 4th 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. boosted 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 worth $2,169,000 after buying an additional 211,626 shares during the period. Archon Capital Management LLC grew its holdings 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 worth $2,874,000 after buying an additional 37,400 shares in the last quarter. Murphy Pohlad Asset Management LLC raised its position 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 valued at $71,000 after buying an additional 10,500 shares during the last quarter. Finally, AIGH Capital Management LLC raised its position in LightPath Technologies by 5.7% in the 2nd 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. 56.29% of the stock is owned by institutional investors and hedge funds.

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.