LightPath Technologies (NASDAQ:LPTH) Downgraded to Sell Rating by StockNews.com

LightPath Technologies (NASDAQ:LPTH) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Saturday.

A number of other equities analysts have also commented on the stock. HC Wainwright raised their target price on shares of LightPath Technologies from $3.00 to $5.00 and gave the stock a “buy” rating in a research report on Friday. Lake Street Capital lifted their target price on LightPath Technologies from $3.00 to $4.00 and gave the company a “buy” rating in a research report on Friday, December 27th. Finally, LADENBURG THALM/SH SH increased their price target on LightPath Technologies from $3.00 to $5.00 and gave the stock a “buy” rating in a research report on Thursday.

LightPath Technologies Stock Performance

Shares of LightPath Technologies stock opened at $4.14 on Friday. The company has a market capitalization of $164.21 million, a PE ratio of -18.82 and a beta of 1.04. LightPath Technologies has a 52 week low of $1.04 and a 52 week high of $4.14. The company has a quick ratio of 1.03, a current ratio of 1.73 and a debt-to-equity ratio of 0.03. The stock’s fifty day moving average is $2.12 and its two-hundred day moving average is $1.63.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. AIGH Capital Management LLC boosted its position in 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 valued at $4,692,000 after purchasing an additional 200,000 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position 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 valued at $166,000 after buying an additional 67,429 shares during the last quarter. Finally, Murphy Pohlad Asset Management LLC boosted its holdings in shares of LightPath Technologies by 22.3% in 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. 56.29% of the stock is currently owned by hedge funds and other 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.