LightPath Technologies (NASDAQ:LPTH) Stock Price Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• LightPath Technologies' stock surpassed its 200-day moving average of $3.16, trading as high as $7.48 before closing at $7.16, indicating significant market interest.
• Analysts have upgraded their ratings, with HC Wainwright increasing the target price from $6.00 to $7.00, and the consensus rating for the stock is a "Moderate Buy."
• Institutional investors have increased their holdings in LightPath Technologies, with over 56% of the stock now owned by hedge funds and institutions, reflecting growing confidence in the company.

Shares of LightPath Technologies, Inc. (NASDAQ:LPTH - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.16 and traded as high as $7.48. LightPath Technologies shares last traded at $7.16, with a volume of 1,785,592 shares traded.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Zacks Research upgraded LightPath Technologies to a "hold" rating in a research note on Tuesday, August 12th. HC Wainwright boosted their target price on LightPath Technologies from $6.00 to $7.00 and gave the stock a "buy" rating in a research note on Thursday, September 4th. Finally, Wall Street Zen upgraded LightPath Technologies from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $5.38.

LightPath Technologies Stock Up 2.9%

The firm has a 50 day simple moving average of $4.46 and a two-hundred day simple moving average of $3.16. The company has a market capitalization of $318.26 million, a PE ratio of -27.54 and a beta of 1.10. 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 Trading of LightPath Technologies

Institutional investors have recently modified their holdings of the business. Millennium Management LLC purchased a new stake in shares of LightPath Technologies in the fourth quarter valued at approximately $53,000. Marathon Capital Management purchased a new stake in shares of LightPath Technologies in the second quarter valued at approximately $54,000. J.W. Cole Advisors Inc. purchased a new stake in shares of LightPath Technologies in the second quarter valued at approximately $79,000. Jane Street Group LLC purchased a new stake in shares of LightPath Technologies in the fourth quarter valued at approximately $111,000. Finally, Ironwood Investment Counsel LLC boosted its stake in shares of LightPath Technologies by 14.8% in the first 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 in the last quarter. 56.29% of the stock is currently owned by hedge funds and other institutional investors.

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.

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