LightPath Technologies, Inc. (NASDAQ:LPTH) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• LightPath Technologies, Inc. has been given a consensus rating of "Moderate Buy" by six research firms, with four firms recommending to buy the stock.
• The average 12-month price target for LightPath Technologies among analysts is $6.50, reflecting optimism for growth.
• The stock has seen significant price fluctuations, with a one-year low of $1.40 and a high of $8.43, indicating potential volatility in its performance.

LightPath Technologies, Inc. (NASDAQ:LPTH - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the six research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $6.50.

LPTH has been the subject of a number of research reports. Lake Street Capital upped their price objective on shares of LightPath Technologies from $4.00 to $7.50 and gave the company a "buy" rating in a research note on Friday, September 26th. HC Wainwright upped their price objective on shares of LightPath Technologies from $7.00 to $8.00 and gave the company a "buy" rating in a research note on Friday, September 26th. Zacks Research raised shares of LightPath Technologies to a "hold" rating in a research note on Tuesday, August 12th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of LightPath Technologies in a research note on Saturday, September 27th. Finally, Wall Street Zen cut shares of LightPath Technologies from a "hold" rating to a "sell" rating in a research note on Friday, September 26th.

LightPath Technologies Price Performance

LPTH stock opened at $7.77 on Friday. LightPath Technologies has a one year low of $1.40 and a one year high of $8.43. The stock has a market cap of $347.09 million, a PE ratio of -21.58 and a beta of 1.18. The firm has a 50 day simple moving average of $5.15 and a two-hundred day simple moving average of $3.46. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.30 and a quick ratio of 1.26.

Institutional Investors Weigh In On LightPath Technologies

Institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC purchased a new stake in LightPath Technologies during the 4th quarter valued at $53,000. Wealth Effects LLC boosted its position in LightPath Technologies by 176.3% during the 1st quarter. Wealth Effects LLC now owns 128,500 shares of the technology company's stock valued at $258,000 after buying an additional 82,000 shares during the period. Jane Street Group LLC purchased a new stake in LightPath Technologies during the 4th quarter valued at $111,000. Ironwood Investment Counsel LLC boosted its position in LightPath Technologies by 14.8% during the 1st quarter. Ironwood Investment Counsel LLC now owns 32,150 shares of the technology company's stock valued at $65,000 after buying an additional 4,150 shares during the period. Finally, Royce & Associates LP boosted its position in LightPath Technologies by 4.7% during the 1st quarter. Royce & Associates LP now owns 1,294,578 shares of the technology company's stock valued at $2,602,000 after buying an additional 58,194 shares during the period. Hedge funds and other institutional investors own 56.29% of the company's stock.

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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