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

StockNews.com began coverage on shares of LightPath Technologies (NASDAQ:LPTH) in a report issued on Monday. The brokerage issued a hold rating on the technology company’s stock.

Separately, HC Wainwright restated a buy rating and set a $3.00 price target on shares of LightPath Technologies in a report on Friday, May 10th.

LightPath Technologies Price Performance

Shares of LPTH opened at $1.37 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.13 and a current ratio of 2.01. The firm has a market cap of $53.17 million, a PE ratio of -7.50 and a beta of 1.30. The firm’s 50 day moving average price is $1.32 and its 200 day moving average price is $1.40. LightPath Technologies has a twelve month low of $1.12 and a twelve month high of $1.85.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LPTH. AMH Equity Ltd boosted its position in LightPath Technologies by 12.4% during the fourth quarter. AMH Equity Ltd now owns 2,819,071 shares of the technology company’s stock worth $3,552,000 after purchasing an additional 310,870 shares during the period. Vanguard Group Inc. lifted its stake in shares of LightPath Technologies by 15.6% in the first quarter. Vanguard Group Inc. now owns 1,571,852 shares of the technology company’s stock worth $2,169,000 after buying an additional 211,626 shares during the last quarter. AIGH Capital Management LLC boosted its holdings in shares of LightPath Technologies by 5.7% during the 2nd quarter. AIGH Capital Management LLC now owns 3,723,932 shares of the technology company’s stock worth $4,692,000 after buying an additional 200,000 shares during the period. B. Riley Wealth Advisors Inc. grew its stake 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 during the last quarter. Finally, Archon Capital Management LLC raised its holdings in LightPath Technologies by 1.8% in the 1st quarter. Archon Capital Management LLC now owns 2,082,934 shares of the technology company’s stock worth $2,874,000 after acquiring an additional 37,400 shares during the period. 56.29% of the stock is owned by institutional investors.

About LightPath Technologies

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.