LightPath Technologies (NASDAQ:LPTH) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

LightPath Technologies, Inc. (NASDAQ:LPTH)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.72 and traded as high as $3.20. LightPath Technologies shares last traded at $2.98, with a volume of 647,469 shares changing hands.

Analysts Set New Price Targets

LPTH has been the topic of a number of research analyst reports. LADENBURG THALM/SH SH lifted their price target on shares of LightPath Technologies from $3.00 to $5.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. HC Wainwright lifted their target price on shares of LightPath Technologies from $3.00 to $5.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. StockNews.com downgraded shares of LightPath Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, January 4th. Finally, Lake Street Capital lifted their price objective on LightPath Technologies from $3.00 to $4.00 and gave the stock a “buy” rating in a report on Friday, December 27th.

LightPath Technologies Stock Performance

The firm’s 50 day simple moving average is $2.35 and its 200-day simple moving average is $1.72. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.03 and a current ratio of 1.73. The company has a market cap of $118.20 million, a price-to-earnings ratio of -13.55 and a beta of 1.04.

Institutional Trading of LightPath Technologies

A hedge fund recently raised its stake in LightPath Technologies stock. B. Riley Wealth Advisors Inc. raised its position in LightPath Technologies, Inc. (NASDAQ:LPTH) by 104.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 131,824 shares of the technology company’s stock after purchasing an additional 67,429 shares during the quarter. B. Riley Wealth Advisors Inc. owned about 0.34% of LightPath Technologies worth $166,000 as of its most recent SEC filing. 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.