LightPath Technologies (NASDAQ:LPTH) Price Target Raised to $5.00

LightPath Technologies (NASDAQ:LPTH) had its target price boosted by HC Wainwright from $3.00 to $5.00 in a report published on Friday morning, Marketbeat Ratings reports. They currently have a buy rating on the technology company’s stock.

LPTH has been the topic of several other research reports. LADENBURG THALM/SH SH boosted their price target on LightPath Technologies from $3.00 to $5.00 and gave the stock a “buy” rating in a research report on Thursday. StockNews.com lowered LightPath Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Finally, Lake Street Capital boosted their target price on LightPath Technologies from $3.00 to $4.00 and gave the stock a “buy” rating in a report on Friday, December 27th.

LightPath Technologies Stock Up 9.2 %

NASDAQ:LPTH opened at $4.14 on Friday. The firm has a market capitalization of $164.21 million, a price-to-earnings ratio of -18.82 and a beta of 1.04. LightPath Technologies has a twelve month low of $1.04 and a twelve month high of $4.14. The stock’s 50 day moving average price is $2.12 and its two-hundred day moving average price is $1.63. The company has a quick ratio of 1.03, a current ratio of 1.73 and a debt-to-equity ratio of 0.03.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Murphy Pohlad Asset Management LLC boosted its stake in LightPath Technologies by 22.3% in the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 69,100 shares of the technology company’s stock valued at $95,000 after purchasing an additional 12,600 shares during the period. B. Riley Wealth Advisors Inc. boosted its stake in LightPath Technologies by 104.7% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 131,824 shares of the technology company’s stock valued at $166,000 after purchasing an additional 67,429 shares during the period. Finally, AIGH Capital Management LLC boosted its stake in LightPath Technologies by 5.7% in the 2nd quarter. AIGH Capital Management LLC now owns 3,723,932 shares of the technology company’s stock valued at $4,692,000 after purchasing an additional 200,000 shares during the period. 56.29% of the stock is owned by institutional investors and hedge funds.

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.