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

StockNews.com downgraded shares of LightPath Technologies (NASDAQ:LPTH) from a hold rating to a sell rating in a research report released on Wednesday morning.

Separately, HC Wainwright reaffirmed a “buy” rating and set a $3.00 price objective on shares of LightPath Technologies in a research note on Friday, September 20th.

LightPath Technologies Stock Performance

Shares of NASDAQ LPTH opened at $3.25 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.73 and a debt-to-equity ratio of 0.03. LightPath Technologies has a 12 month low of $1.04 and a 12 month high of $3.40. The company has a market cap of $128.93 million, a price-to-earnings ratio of -14.77 and a beta of 1.32. The business has a fifty day simple moving average of $1.85 and a 200-day simple moving average of $1.51.

Institutional Trading of LightPath Technologies

Several large investors have recently added to or reduced their stakes in LPTH. AIGH Capital Management LLC grew 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 valued at $4,692,000 after buying an additional 200,000 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in 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 acquiring an additional 67,429 shares in the last quarter. Finally, Murphy Pohlad Asset Management LLC boosted its position in 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 worth $95,000 after acquiring an additional 12,600 shares during the period. 56.29% of the stock is owned by institutional investors and hedge funds.

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.