HC Wainwright Forecasts Strong Price Appreciation for LightPath Technologies (NASDAQ:LPTH) Stock

LightPath Technologies (NASDAQ:LPTH) had its price objective increased by equities research analysts at HC Wainwright from $3.00 to $5.00 in a report issued on Friday, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the technology company’s stock. HC Wainwright’s target price points to a potential upside of 20.77% from the company’s current price.

A number of other equities analysts also recently commented on the company. LADENBURG THALM/SH SH increased their price objective on LightPath Technologies from $3.00 to $5.00 and gave the stock a “buy” rating in a report on Thursday. StockNews.com downgraded shares of LightPath Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Finally, Lake Street Capital lifted their price objective on shares of LightPath Technologies from $3.00 to $4.00 and gave the company a “buy” rating in a research note on Friday, December 27th.

LightPath Technologies Price Performance

LPTH opened at $4.14 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.03 and a debt-to-equity ratio of 0.03. LightPath Technologies has a 1 year low of $1.04 and a 1 year high of $4.14. The stock has a fifty day moving average price of $2.12 and a 200 day moving average price of $1.62. The stock has a market cap of $164.21 million, a price-to-earnings ratio of -18.82 and a beta of 1.04.

Hedge Funds Weigh In On LightPath Technologies

Institutional investors have recently modified their holdings of the company. Murphy Pohlad Asset Management LLC boosted its holdings 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 worth $95,000 after buying an additional 12,600 shares during the period. B. Riley Wealth Advisors Inc. boosted its holdings in 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 acquiring an additional 67,429 shares during the period. Finally, AIGH Capital Management LLC grew its position in shares of LightPath Technologies by 5.7% in 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 during the last quarter. Institutional investors own 56.29% of the company’s stock.

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.