Roth Capital set a $3.00 price target on LightPath Technologies (NASDAQ:LPTH) in a research note issued to investors on Wednesday. The brokerage currently has a buy rating on the technology company’s stock.
Separately, Zacks Investment Research raised LightPath Technologies from a sell rating to a hold rating in a report on Tuesday, November 14th. Four research analysts have rated the stock with a buy rating, LightPath Technologies has an average rating of Buy and an average target price of $2.95.
LightPath Technologies (NASDAQ:LPTH) opened at $2.38 on Wednesday. LightPath Technologies has a 1-year low of $1.90 and a 1-year high of $4.10. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.18 and a quick ratio of 2.29. The firm has a market capitalization of $58.92, a PE ratio of 6.94, a price-to-earnings-growth ratio of 1.39 and a beta of -0.53.
A number of institutional investors and hedge funds have recently modified their holdings of LPTH. Goldman Sachs Group Inc. purchased a new stake in LightPath Technologies in the fourth quarter worth about $143,000. Virtu Financial LLC increased its position in LightPath Technologies by 414.2% in the fourth quarter. Virtu Financial LLC now owns 82,052 shares of the technology company’s stock worth $182,000 after buying an additional 66,094 shares in the last quarter. Essex Investment Management Co. LLC increased its position in LightPath Technologies by 152.6% in the third quarter. Essex Investment Management Co. LLC now owns 143,267 shares of the technology company’s stock worth $367,000 after buying an additional 86,541 shares in the last quarter. Dimensional Fund Advisors LP increased its position in LightPath Technologies by 1,332.3% in the second quarter. Dimensional Fund Advisors LP now owns 311,047 shares of the technology company’s stock worth $840,000 after buying an additional 289,330 shares in the last quarter. Finally, Foundry Partners LLC increased its position in LightPath Technologies by 8.5% in the third quarter. Foundry Partners LLC now owns 384,300 shares of the technology company’s stock worth $984,000 after buying an additional 30,000 shares in the last quarter. Institutional investors and hedge funds own 29.38% of the company’s stock.
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LightPath Technologies Company Profile
LightPath Technologies, Inc is a manufacturer and integrator of families of precision molded aspheric optics, fiber-optic collimator, GRADIUM glass lenses and other optical materials used to produce products that manipulate light. The Company designs, develops, manufactures and distributes optical components and assemblies utilizing the optical processes and manufacturing technologies.
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