LightPath Technologies (NASDAQ:LPTH) has been assigned a $3.00 price target by investment analysts at Roth Capital in a research note issued to investors on Wednesday. The firm presently has a “buy” rating on the technology company’s stock. Roth Capital’s price target indicates a potential upside of 31.00% from the company’s current price.
Separately, Zacks Investment Research raised LightPath Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, November 14th. Four investment analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average price target of $2.95.
Shares of LightPath Technologies (NASDAQ:LPTH) traded up $0.02 during midday trading on Wednesday, reaching $2.29. The company’s stock had a trading volume of 201,500 shares, compared to its average volume of 290,275. LightPath Technologies has a 1 year low of $1.90 and a 1 year high of $4.10. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.18 and a quick ratio of 2.29. The firm has a market capitalization of $61.24, a price-to-earnings ratio of 7.16, a PEG ratio of 1.38 and a beta of -0.54.
A number of hedge funds and other institutional investors have recently modified their holdings of LPTH. Virtu Financial LLC increased its position in LightPath Technologies by 414.2% in the fourth quarter. Virtu Financial LLC now owns 82,052 shares of the technology company’s stock worth $182,000 after buying an additional 66,094 shares during the period. Essex Investment Management Co. LLC increased its holdings in shares of LightPath Technologies by 152.6% during the third quarter. Essex Investment Management Co. LLC now owns 143,267 shares of the technology company’s stock valued at $367,000 after purchasing an additional 86,541 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of LightPath Technologies by 1,332.3% during the second quarter. Dimensional Fund Advisors LP now owns 311,047 shares of the technology company’s stock valued at $840,000 after purchasing an additional 289,330 shares during the period. Foundry Partners LLC increased its holdings in shares of LightPath Technologies by 8.5% during the third quarter. Foundry Partners LLC now owns 384,300 shares of the technology company’s stock valued at $984,000 after purchasing an additional 30,000 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of LightPath Technologies by 19.0% during the second quarter. Vanguard Group Inc. now owns 715,226 shares of the technology company’s stock valued at $1,931,000 after purchasing an additional 114,279 shares during the period. 29.38% of the stock is currently owned by hedge funds and other institutional investors.
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About LightPath Technologies
LightPath Technologies, Inc is a manufacturer and integrator of families of precision molded aspheric optics, fiber-optic collimator, GRADIUM glass lenses and other optical materials used to produce products that manipulate light. The Company designs, develops, manufactures and distributes optical components and assemblies utilizing the optical processes and manufacturing technologies.
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