LightPath Technologies (NASDAQ:LPTH) Price Target Raised to $5.00 at LADENBURG THALM/SH SH

LightPath Technologies (NASDAQ:LPTH) had its price target raised by LADENBURG THALM/SH SH from $3.00 to $5.00 in a research report report published on Thursday,Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

Several other research firms have also commented on LPTH. Lake Street Capital upped their price target on shares of LightPath Technologies from $3.00 to $4.00 and gave the stock a “buy” rating in a research report on Friday, December 27th. StockNews.com lowered shares of LightPath Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. Finally, HC Wainwright restated a “buy” rating and set a $3.00 price target on shares of LightPath Technologies in a research report on Friday, September 20th.

LightPath Technologies Stock Up 9.2 %

Shares of NASDAQ:LPTH opened at $4.14 on Thursday. The company’s fifty day moving average is $2.12 and its two-hundred day moving average is $1.62. The stock has a market capitalization of $164.21 million, a price-to-earnings ratio of -18.82 and a beta of 1.04. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.03 and a current ratio of 1.73. LightPath Technologies has a 1-year low of $1.04 and a 1-year high of $4.14.

Hedge Funds Weigh In On LightPath Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of LPTH. Murphy Pohlad Asset Management LLC grew its position 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 buying an additional 12,600 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its position 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 buying an additional 67,429 shares in the last quarter. Finally, AIGH Capital Management LLC grew its position 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 buying an additional 200,000 shares in the last quarter. Institutional investors own 56.29% of the company’s stock.

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, and other optical components used to produce products that manipulate light; and infrared products, including catalog and custom infrared optics.