Lake Street Capital Issues Positive Forecast for LightPath Technologies (NASDAQ:LPTH) Stock Price

LightPath Technologies (NASDAQ:LPTH) had its target price upped by Lake Street Capital from $3.00 to $4.00 in a research note issued to investors on Friday morning,Benzinga reports. Lake Street Capital currently has a buy rating on the technology company’s stock.

LPTH has been the subject of several other research reports. StockNews.com downgraded 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 set a $3.00 target price on shares of LightPath Technologies in a report on Friday, September 20th.

LightPath Technologies Stock Up 12.6 %

LightPath Technologies stock opened at $3.49 on Friday. The firm has a market capitalization of $138.43 million, a price-to-earnings ratio of -15.86 and a beta of 1.32. The firm has a 50 day simple moving average of $1.92 and a 200 day simple moving average of $1.54. LightPath Technologies has a 1-year low of $1.04 and a 1-year high of $3.59. The company has a current ratio of 1.73, a quick ratio of 1.03 and a debt-to-equity ratio of 0.03.

Institutional Investors Weigh In On LightPath Technologies

Several hedge funds have recently bought and sold shares of LPTH. Murphy Pohlad Asset Management LLC raised its position in shares of LightPath Technologies by 22.3% during the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 69,100 shares of the technology company’s stock valued at $95,000 after buying an additional 12,600 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in shares of LightPath Technologies by 104.7% in the 2nd 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 in the last quarter. Finally, AIGH Capital Management LLC increased its position in shares of LightPath Technologies by 5.7% during 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 purchasing an additional 200,000 shares during the last quarter. 56.29% of the stock is currently owned by institutional investors.

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.