LightPath Technologies (LPTH) Trading 5.2% Higher

LightPath Technologies, Inc. (NASDAQ:LPTH) shares traded up 5.2% on Thursday . The company traded as high as $2.54 and last traded at $2.42. 1,215,600 shares were traded during mid-day trading, an increase of 73% from the average session volume of 702,200 shares. The stock had previously closed at $2.30.

A number of research analysts recently weighed in on the company. Zacks Investment Research cut LightPath Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Dougherty & Co reiterated a “buy” rating and issued a $3.10 target price on shares of LightPath Technologies in a report on Friday, October 6th.

The firm has a market capitalization of $56.44, a P/E ratio of 7.65, a P/E/G ratio of 1.46 and a beta of -0.66. The company has a quick ratio of 2.29, a current ratio of 3.18 and a debt-to-equity ratio of 0.32.

Institutional investors and hedge funds have recently modified their holdings of the business. Essex Investment Management Co. LLC lifted its stake in shares of LightPath Technologies by 152.6% during the third quarter. Essex Investment Management Co. LLC now owns 143,267 shares of the technology company’s stock worth $367,000 after purchasing an additional 86,541 shares in the last quarter. Virtu KCG Holdings LLC lifted its stake in shares of LightPath Technologies by 601.9% during the second quarter. Virtu KCG Holdings LLC now owns 215,689 shares of the technology company’s stock worth $582,000 after purchasing an additional 184,960 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of LightPath Technologies by 1,332.3% during the second quarter. Dimensional Fund Advisors LP now owns 311,047 shares of the technology company’s stock worth $840,000 after purchasing an additional 289,330 shares in the last quarter. Foundry Partners LLC lifted its stake in shares of LightPath Technologies by 8.5% during the third quarter. Foundry Partners LLC now owns 384,300 shares of the technology company’s stock worth $984,000 after purchasing an additional 30,000 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of LightPath Technologies by 19.0% during the second quarter. Vanguard Group Inc. now owns 715,226 shares of the technology company’s stock worth $1,931,000 after purchasing an additional 114,279 shares in the last quarter. Institutional investors own 31.52% 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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