LightPath Technologies (NASDAQ:LPTH) Coverage Initiated by Analysts at StockNews.com

Posted by on Apr 11th, 2023

Equities researchers at StockNews.com began coverage on shares of LightPath Technologies (NASDAQ:LPTH – Get Rating) in a research note issued on Tuesday. The firm set a “hold” rating on the technology company’s stock.

Separately, HC Wainwright raised their price target on LightPath Technologies from $2.00 to $3.00 and gave the stock a “buy” rating in a report on Monday, February 13th.

LightPath Technologies Stock Performance

Shares of NASDAQ LPTH opened at $1.43 on Tuesday. The company has a quick ratio of 1.42, a current ratio of 2.48 and a debt-to-equity ratio of 0.10. The firm’s 50-day moving average price is $1.59 and its two-hundred day moving average price is $1.33. LightPath Technologies has a 52-week low of $0.99 and a 52-week high of $2.05. The stock has a market capitalization of $52.42 million, a P/E ratio of -9.53 and a beta of 1.62.

Institutional Trading of LightPath Technologies

A number of large investors have recently modified their holdings of LPTH. Vanguard Group Inc. boosted its stake in LightPath Technologies by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,049,181 shares of the technology company’s stock valued at $1,123,000 after purchasing an additional 27,300 shares during the period. Renaissance Technologies LLC boosted its stake in LightPath Technologies by 4.1% during the 2nd quarter. Renaissance Technologies LLC now owns 812,400 shares of the technology company’s stock valued at $999,000 after purchasing an additional 31,930 shares in the last quarter. Worth Venture Partners LLC grew its position in LightPath Technologies by 62.0% in the first quarter. Worth Venture Partners LLC now owns 509,425 shares of the technology company’s stock worth $1,004,000 after buying an additional 195,018 shares during the last quarter. Citadel Advisors LLC lifted its holdings in shares of LightPath Technologies by 73.5% during the second quarter. Citadel Advisors LLC now owns 90,446 shares of the technology company’s stock valued at $112,000 after purchasing an additional 38,316 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of LightPath Technologies by 18.5% during the first quarter. State Street Corp now owns 50,834 shares of the technology company’s stock valued at $100,000 after acquiring an additional 7,925 shares during the period. Institutional investors and hedge funds own 28.31% of the company’s stock.

About LightPath Technologies

(Get Rating)

LightPath Technologies, Inc designs, develops, manufactures, and distributes optical and infrared components. Its products include molded glass and assemblies, infrared molded lenses, diamond turned, conventional ground and polished ground lenses and assemblies, and collimator assemblies, which are used in applications involving light detection and ranging technology.

Featured Articles

Receive News & Ratings for LightPath Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LightPath Technologies and related companies with MarketBeat.com's FREE daily email newsletter.