LightPath Technologies (NASDAQ:LPTH) Stock Rating Upgraded by LADENBURG THALM/SH SH

LightPath Technologies (NASDAQ:LPTH) was upgraded by analysts at LADENBURG THALM/SH SH to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

Several other equities analysts have also commented on the company. HC Wainwright increased their price objective on LightPath Technologies from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, November 12th. Wall Street Zen cut shares of LightPath Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, December 13th. Lake Street Capital boosted their price objective on shares of LightPath Technologies from $7.50 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, November 12th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LightPath Technologies in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $9.13.

LightPath Technologies Stock Up 6.4%

LPTH opened at $7.64 on Thursday. The business’s fifty day simple moving average is $7.83 and its 200 day simple moving average is $5.64. LightPath Technologies has a 52 week low of $1.61 and a 52 week high of $10.69. The company has a quick ratio of 1.26, a current ratio of 1.98 and a debt-to-equity ratio of 0.24. The stock has a market cap of $347.85 million, a PE ratio of -19.59 and a beta of 1.08.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Thompson Davis & CO. Inc. purchased a new stake in LightPath Technologies during the 2nd quarter valued at $134,000. Wealth Effects LLC raised its stake in shares of LightPath Technologies by 5.8% during the second quarter. Wealth Effects LLC now owns 136,000 shares of the technology company’s stock valued at $419,000 after acquiring an additional 7,500 shares during the last quarter. Granite Investment Partners LLC purchased a new stake in shares of LightPath Technologies during the third quarter worth about $106,000. Principal Financial Group Inc. bought a new stake in shares of LightPath Technologies in the third quarter worth about $953,000. Finally, SG Americas Securities LLC purchased a new position in LightPath Technologies during the 3rd quarter valued at about $139,000. 56.29% of the stock is owned by hedge funds and other institutional investors.

LightPath Technologies Company Profile

LightPath Technologies, Inc designs, manufactures and distributes precision optical components and assemblies for a variety of commercial, industrial, defense and scientific applications. The company’s portfolio includes molded glass aspheric lenses, precision glass optics, infrared lenses and assemblies, diamond-turned optics and molded polymer optics. These components are engineered to support imaging, illumination, laser delivery, detection and sensing systems across visible, ultraviolet and infrared wavelengths.

Among its core offerings, LightPath develops infrared optical solutions using materials such as germanium, zinc selenide and chalcogenide glasses for thermal imaging, night-vision devices and spectroscopy.