LightPath Technologies (NASDAQ:LPTH) Stock Rating Upgraded by Wall Street Zen

LightPath Technologies (NASDAQ:LPTH) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other equities research analysts have also weighed in on LPTH. Canaccord Genuity Group started coverage on shares of LightPath Technologies in a report on Thursday, January 29th. They set a “buy” rating and a $15.00 target price on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of LightPath Technologies in a report on Thursday, January 22nd. Lake Street Capital boosted their price objective on shares of LightPath Technologies from $10.00 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. LADENBURG THALM/SH SH raised LightPath Technologies to a “strong-buy” rating in a research report on Thursday, December 18th. Finally, HC Wainwright lifted their target price on LightPath Technologies from $10.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $12.10.

LightPath Technologies Price Performance

Shares of LPTH opened at $11.52 on Friday. The company has a quick ratio of 3.42, a current ratio of 3.97 and a debt-to-equity ratio of 0.01. The stock has a market cap of $664.82 million, a PE ratio of -22.15 and a beta of 0.97. LightPath Technologies has a 12-month low of $1.61 and a 12-month high of $15.24. The business has a 50-day simple moving average of $10.60 and a two-hundred day simple moving average of $7.98.

Insider Transactions at LightPath Technologies

In other LightPath Technologies news, Director Run Strategic Opportunit North sold 770,321 shares of the stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $11.72, for a total transaction of $9,028,162.12. Following the completion of the sale, the director directly owned 2,728,968 shares in the company, valued at approximately $31,983,504.96. This trade represents a 22.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 24.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On LightPath Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the business. Marathon Capital Management bought a new stake in LightPath Technologies in the second quarter worth approximately $54,000. J.W. Cole Advisors Inc. acquired a new stake in shares of LightPath Technologies during the 2nd quarter worth approximately $79,000. Occudo Quantitative Strategies LP bought a new stake in shares of LightPath Technologies in the 3rd quarter valued at $82,000. Hudson Bay Capital Management LP bought a new stake in shares of LightPath Technologies in the 3rd quarter valued at $84,000. Finally, Wexford Capital LP acquired a new position in shares of LightPath Technologies during the 3rd quarter valued at $88,000. Institutional investors own 56.29% of the company’s stock.

About LightPath Technologies

LightPath Technologies, Inc designs, manufactures and distributes precision optical components and assemblies for a variety of commercial, industrial, defense and scientific applications. The company’s portfolio includes molded glass aspheric lenses, precision glass optics, infrared lenses and assemblies, diamond-turned optics and molded polymer optics. These components are engineered to support imaging, illumination, laser delivery, detection and sensing systems across visible, ultraviolet and infrared wavelengths.

Among its core offerings, LightPath develops infrared optical solutions using materials such as germanium, zinc selenide and chalcogenide glasses for thermal imaging, night-vision devices and spectroscopy.