LightPath Technologies (NASDAQ:LPTH) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of LightPath Technologies (NASDAQ:LPTHFree Report) in a report published on Friday. The firm issued a hold rating on the technology company’s stock.

Separately, Lake Street Capital initiated coverage on LightPath Technologies in a research report on Thursday, January 18th. They issued a buy rating and a $3.00 target price on the stock.

Read Our Latest Research Report on LPTH

LightPath Technologies Stock Down 7.4 %

Shares of NASDAQ LPTH opened at $1.50 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.16 and a current ratio of 1.93. LightPath Technologies has a 52 week low of $1.12 and a 52 week high of $2.00. The stock has a market capitalization of $57.03 million, a P/E ratio of -10.71 and a beta of 1.43. The stock’s fifty day moving average is $1.33 and its 200 day moving average is $1.46.

Hedge Funds Weigh In On LightPath Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in LPTH. Jane Street Group LLC acquired a new position in LightPath Technologies in the first quarter valued at approximately $30,000. Tower Research Capital LLC TRC lifted its stake in LightPath Technologies by 69.4% in the third quarter. Tower Research Capital LLC TRC now owns 29,075 shares of the technology company’s stock valued at $31,000 after buying an additional 11,908 shares during the period. Charles Schwab Investment Management Inc. acquired a new position in LightPath Technologies in the second quarter valued at approximately $33,000. Virtu Financial LLC acquired a new position in LightPath Technologies in the first quarter valued at approximately $36,000. Finally, Commonwealth Equity Services LLC acquired a new position in LightPath Technologies in the third quarter valued at approximately $50,000. 43.69% of the stock is owned by institutional investors and hedge funds.

About LightPath Technologies

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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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