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

StockNews.com started coverage on shares of LightPath Technologies (NASDAQ:LPTH) in a research report released on Thursday. The firm issued a hold rating on the technology company’s stock.

LightPath Technologies Price Performance

LPTH opened at $1.16 on Thursday. The company has a 50-day moving average of $1.31 and a 200-day moving average of $1.36. The company has a market capitalization of $45.02 million, a P/E ratio of -6.44 and a beta of 1.31. LightPath Technologies has a 1-year low of $1.04 and a 1-year high of $1.77. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.13 and a current ratio of 2.01.

Institutional Investors Weigh In On LightPath Technologies

Several hedge funds and other institutional investors have recently modified their holdings of LPTH. Murphy Pohlad Asset Management LLC increased its position in shares of LightPath Technologies by 22.8% in the 2nd quarter. Murphy Pohlad Asset Management LLC now owns 56,500 shares of the technology company’s stock worth $71,000 after purchasing an additional 10,500 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its position in shares of LightPath Technologies by 73.7% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 111,824 shares of the technology company’s stock worth $141,000 after purchasing an additional 47,429 shares during the last quarter. Vanguard Group Inc. increased its position in shares of LightPath Technologies by 15.6% in the 1st quarter. Vanguard Group Inc. now owns 1,571,852 shares of the technology company’s stock worth $2,169,000 after purchasing an additional 211,626 shares during the last quarter. Archon Capital Management LLC increased its position in shares of 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 purchasing an additional 37,400 shares during the last quarter. Finally, AIGH Capital Management LLC increased its position in shares of 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 worth $4,692,000 after purchasing an additional 200,000 shares during 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.