LightPath Technologies (NASDAQ:LPTH) Price Target Raised to $5.00

LightPath Technologies (NASDAQ:LPTH) had its price target raised by LADENBURG THALM/SH SH from $3.00 to $5.00 in a research note published on Thursday morning,Benzinga reports. LADENBURG THALM/SH SH currently has a buy rating on the technology company’s stock.

Several other research analysts also recently weighed in on LPTH. StockNews.com downgraded shares of LightPath Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, December 25th. HC Wainwright reaffirmed a “buy” rating and issued a $3.00 price target on shares of LightPath Technologies in a report on Friday, September 20th. Finally, Lake Street Capital upped their price target on shares of LightPath Technologies from $3.00 to $4.00 and gave the company a “buy” rating in a report on Friday, December 27th.

LightPath Technologies Stock Performance

Shares of LPTH stock opened at $4.14 on Thursday. The firm has a market cap of $164.21 million, a price-to-earnings ratio of -18.82 and a beta of 1.04. The stock’s 50-day moving average is $2.12 and its two-hundred day moving average is $1.62. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.03 and a current ratio of 1.73. LightPath Technologies has a 1 year low of $1.04 and a 1 year high of $4.14.

Institutional Trading of LightPath Technologies

Several institutional investors have recently added to or reduced their stakes in LPTH. Murphy Pohlad Asset Management LLC raised its holdings in shares of LightPath Technologies by 22.3% during the third quarter. Murphy Pohlad Asset Management LLC now owns 69,100 shares of the technology company’s stock worth $95,000 after purchasing an additional 12,600 shares during the period. B. Riley Wealth Advisors Inc. raised its holdings in shares of LightPath Technologies by 104.7% during the second quarter. B. Riley Wealth Advisors Inc. now owns 131,824 shares of the technology company’s stock worth $166,000 after purchasing an additional 67,429 shares during the period. Finally, AIGH Capital Management LLC raised its holdings in shares of LightPath Technologies by 5.7% during the second quarter. AIGH Capital Management LLC now owns 3,723,932 shares of the technology company’s stock worth $4,692,000 after purchasing an additional 200,000 shares during the period. 56.29% of the stock is owned by institutional investors and hedge funds.

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.