LightPath Technologies, Inc. (LPTH) Upgraded to “Buy” by ValuEngine
ValuEngine upgraded shares of LightPath Technologies, Inc. (NASDAQ:LPTH) from a hold rating to a buy rating in a research report released on Friday.
Several other brokerages also recently weighed in on LPTH. Dougherty & Co lifted their target price on LightPath Technologies from $3.00 to $3.50 and gave the company a buy rating in a research note on Friday, May 5th. Zacks Investment Research raised LightPath Technologies from a hold rating to a strong-buy rating and set a $3.00 target price on the stock in a research note on Tuesday, May 9th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $3.00.
LightPath Technologies (NASDAQ LPTH) opened at 2.6501 on Friday. The company’s 50-day moving average price is $2.59 and its 200-day moving average price is $2.63. The firm has a market cap of $63.91 million, a price-to-earnings ratio of 29.4456 and a beta of -0.59. LightPath Technologies has a one year low of $1.21 and a one year high of $3.33.
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Several institutional investors and hedge funds have recently bought and sold shares of LPTH. Essex Investment Management Co. LLC bought a new stake in shares of LightPath Technologies in the 1st quarter worth $155,000. US Bancorp DE bought a new stake in shares of LightPath Technologies in the 1st quarter worth $137,000. EAM Investors LLC bought a new stake in shares of LightPath Technologies in the 1st quarter worth $547,000. Wellington Management Group LLP raised its stake in shares of LightPath Technologies by 191.5% in the 1st quarter. Wellington Management Group LLP now owns 1,386,900 shares of the technology company’s stock worth $3,800,000 after buying an additional 911,200 shares in the last quarter. Finally, Royce & Associates LP raised its stake in shares of LightPath Technologies by 17.4% in the 1st quarter. Royce & Associates LP now owns 675,000 shares of the technology company’s stock worth $1,850,000 after buying an additional 100,000 shares in the last quarter. 30.97% of the stock is currently owned by institutional investors.
LightPath Technologies Company Profile
LightPath Technologies, Inc is a manufacturer and integrator of families of precision molded aspheric optics, fiber-optic collimator, GRADIUM glass lenses and other optical materials used to produce products that manipulate light. The Company designs, develops, manufactures and distributes optical components and assemblies utilizing the optical processes and manufacturing technologies.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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