LightPath Technologies (LPTH) Hits New 1-Year High and Low at $1.97

LightPath Technologies, Inc. (NASDAQ:LPTH)’s share price hit a new 52-week high and low during mid-day trading on Wednesday . The company traded as low as $1.97 and last traded at $2.01, with a volume of 177972 shares traded. The stock had previously closed at $2.10.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised LightPath Technologies from a “sell” rating to a “buy” rating and set a $2.75 price target for the company in a research note on Tuesday, January 23rd. B. Riley assumed coverage on LightPath Technologies in a research note on Wednesday, April 4th. They issued a “buy” rating and a $2.75 price target for the company. Finally, Roth Capital set a $3.00 price target on LightPath Technologies and gave the company a “buy” rating in a research note on Wednesday, February 14th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $2.90.

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The company has a market cap of $54.03, a price-to-earnings ratio of 5.53, a PEG ratio of 1.75 and a beta of -0.26. The company has a quick ratio of 2.75, a current ratio of 3.88 and a debt-to-equity ratio of 0.30.

Several hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. acquired a new stake in shares of LightPath Technologies in the fourth quarter valued at about $143,000. Virtu Financial LLC increased its stake in shares of LightPath Technologies by 414.2% in the fourth quarter. Virtu Financial LLC now owns 82,052 shares of the technology company’s stock valued at $182,000 after buying an additional 66,094 shares during the period. Penbrook Management LLC acquired a new stake in shares of LightPath Technologies in the fourth quarter valued at about $159,000. Vanguard Group Inc. increased its stake in shares of LightPath Technologies by 19.0% in the second quarter. Vanguard Group Inc. now owns 715,226 shares of the technology company’s stock valued at $1,931,000 after buying an additional 114,279 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of LightPath Technologies by 45.9% in the third quarter. Dimensional Fund Advisors LP now owns 453,767 shares of the technology company’s stock valued at $1,162,000 after buying an additional 142,720 shares during the period. 27.41% of the stock is owned by institutional investors.

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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, GRADIUM glass lenses, and other optical materials used to produce products that manipulate light.

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