LightPath Technologies, Inc. (NASDAQ:LPTH) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• LightPath Technologies, Inc. (NASDAQ:LPTH) has received a consensus recommendation of "Moderate Buy" from analysts, with one hold rating and four buy ratings among the five firms covering the stock.
• The average one-year price target for LightPath Technologies is $5.3750, reflecting optimistic expectations for the company's stock performance.
• Recent trading activity shows substantial institutional interest, with over 56.29% of the stock owned by hedge funds and institutional investors, indicating confidence in the company's long-term prospects.

Shares of LightPath Technologies, Inc. (NASDAQ:LPTH - Get Free Report) have received an average rating of "Moderate Buy" from the five ratings firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $5.3750.

LPTH has been the subject of a number of recent research reports. HC Wainwright upped their target price on LightPath Technologies from $6.00 to $7.00 and gave the stock a "buy" rating in a report on Thursday, September 4th. Wall Street Zen upgraded LightPath Technologies from a "sell" rating to a "hold" rating in a research report on Saturday, June 14th. Finally, Zacks Research upgraded LightPath Technologies to a "hold" rating in a research report on Tuesday, August 12th.

Institutional Trading of LightPath Technologies

Several institutional investors and hedge funds have recently modified their holdings of the stock. Royce & Associates LP raised its stake in shares of LightPath Technologies by 4.7% in the first quarter. Royce & Associates LP now owns 1,294,578 shares of the technology company's stock worth $2,602,000 after purchasing an additional 58,194 shares during the last quarter. Connective Capital Management LLC bought a new position in LightPath Technologies during the fourth quarter valued at $733,000. Wealth Effects LLC grew its holdings in 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 purchasing an additional 7,500 shares during the period. Mink Brook Asset Management LLC bought a new position in LightPath Technologies during the second quarter valued at $246,000. Finally, Northern Trust Corp boosted its holdings in shares of LightPath Technologies by 25.7% in the fourth quarter. Northern Trust Corp now owns 63,983 shares of the technology company's stock worth $226,000 after acquiring an additional 13,087 shares during the period. 56.29% of the stock is owned by hedge funds and other institutional investors.

LightPath Technologies Price Performance

LightPath Technologies stock opened at $5.31 on Tuesday. LightPath Technologies has a 52 week low of $1.04 and a 52 week high of $6.44. The stock has a fifty day moving average of $3.75 and a 200-day moving average of $2.86. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.26 and a current ratio of 2.30. The stock has a market capitalization of $236.03 million, a P/E ratio of -20.42 and a beta of 1.09.

About LightPath Technologies

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.

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