LightPath Technologies, Inc. (NASDAQ:LPTH - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.69 and traded as high as $4.82. LightPath Technologies shares last traded at $4.50, with a volume of 2,740,456 shares trading hands.
Analysts Set New Price Targets
LPTH has been the topic of several recent analyst reports. HC Wainwright increased their target price on shares of LightPath Technologies from $5.00 to $6.00 and gave the company a "buy" rating in a research note on Thursday. Wall Street Zen upgraded shares of LightPath Technologies from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th. Finally, Zacks Research upgraded shares of LightPath Technologies to a "hold" rating in a research note on Tuesday, August 12th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, LightPath Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $5.13.
Check Out Our Latest Stock Report on LPTH
LightPath Technologies Stock Performance
The stock has a market capitalization of $237.81 million, a PE ratio of -20.58 and a beta of 0.82. The firm's fifty day moving average price is $3.48 and its two-hundred day moving average price is $2.74. The company has a current ratio of 2.30, a quick ratio of 1.26 and a debt-to-equity ratio of 0.33.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of LPTH. Thompson Davis & CO. Inc. acquired a new stake in shares of LightPath Technologies during the second quarter worth about $134,000. Mink Brook Asset Management LLC purchased a new position in shares of LightPath Technologies in the second quarter valued at $246,000. Marathon Capital Management purchased a new position in shares of LightPath Technologies in the second quarter valued at $54,000. J.W. Cole Advisors Inc. purchased a new stake in LightPath Technologies during the 2nd quarter worth about $79,000. Finally, Wealth Effects LLC grew its holdings in LightPath Technologies by 5.8% in the 2nd quarter. Wealth Effects LLC now owns 136,000 shares of the technology company's stock valued at $419,000 after buying an additional 7,500 shares during the period. Institutional investors and hedge funds own 56.29% of the company's stock.
About LightPath Technologies
(
Get Free Report)
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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