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

LightPath Technologies (NASDAQ:LPTH) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Wednesday.

Separately, HC Wainwright restated a “buy” rating and issued a $3.00 target price on shares of LightPath Technologies in a report on Friday, September 20th.

LightPath Technologies Price Performance

LPTH stock remained flat at $3.25 during midday trading on Wednesday. 517,090 shares of the company’s stock were exchanged, compared to its average volume of 86,408. 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 firm has a 50 day simple moving average of $1.85 and a two-hundred day simple moving average of $1.51. LightPath Technologies has a fifty-two week low of $1.04 and a fifty-two week high of $3.40. The firm has a market capitalization of $128.93 million, a P/E ratio of -14.77 and a beta of 1.32.

Institutional Investors Weigh In On LightPath Technologies

Institutional investors have recently added to or reduced their stakes in the company. Murphy Pohlad Asset Management LLC boosted its stake 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 worth $95,000 after buying an additional 12,600 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its position in LightPath Technologies by 104.7% in 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 last quarter. Finally, AIGH Capital Management LLC grew its stake in LightPath Technologies by 5.7% in 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 period. 56.29% of the stock is 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.