LightPath Technologies, Inc. (NASDAQ:LPTH – Get Free Report) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 77,700 shares, a growth of 10.4% from the July 15th total of 70,400 shares. Based on an average daily trading volume, of 46,400 shares, the short-interest ratio is currently 1.7 days.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on LPTH. StockNews.com began coverage on LightPath Technologies in a research report on Sunday, August 11th. They issued a “hold” rating on the stock. HC Wainwright reaffirmed a “buy” rating and issued a $3.00 target price on shares of LightPath Technologies in a research report on Friday, May 10th.
Get Our Latest Stock Analysis on LightPath Technologies
Institutional Trading of LightPath Technologies
LightPath Technologies Stock Up 3.1 %
LPTH stock traded up $0.04 during mid-day trading on Friday, hitting $1.35. The stock had a trading volume of 33,200 shares, compared to its average volume of 51,599. The stock has a market capitalization of $52.39 million, a price-to-earnings ratio of -7.50 and a beta of 1.30. The company has a fifty day moving average of $1.31 and a 200 day moving average of $1.40. LightPath Technologies has a 1-year low of $1.12 and a 1-year high of $1.85. The company has a current ratio of 2.01, a quick ratio of 1.13 and a debt-to-equity ratio of 0.03.
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.
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