Shares of LightPath Technologies, Inc. (NASDAQ:LPTH) have received a consensus broker rating score of 1.50 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company.

Analysts have set a twelve-month consensus price target of $3.18 for the company and are forecasting that the company will post $0.01 earnings per share for the current quarter, according to Zacks. Zacks has also given LightPath Technologies an industry rank of 205 out of 265 based on the ratings given to related companies.

LPTH has been the topic of several recent research reports. Dougherty & Co restated a “buy” rating and issued a $3.10 price objective on shares of LightPath Technologies in a report on Friday, October 6th. Zacks Investment Research upgraded LightPath Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, November 14th.

Several large investors have recently modified their holdings of LPTH. Dimensional Fund Advisors LP boosted its holdings 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 acquiring an additional 289,330 shares during the period. Virtu KCG Holdings LLC boosted its holdings 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 acquiring an additional 184,960 shares during the period. Vanguard Group Inc. raised its position in shares of LightPath Technologies by 19.0% in the second quarter. Vanguard Group Inc. now owns 715,226 shares of the technology company’s stock valued at $1,931,000 after buying an additional 114,279 shares in the last quarter. Essex Investment Management Co. LLC raised its position in shares of 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 valued at $367,000 after buying an additional 86,541 shares in the last quarter. Finally, Foundry Partners LLC raised its position in shares of LightPath Technologies by 8.5% in the third quarter. Foundry Partners LLC now owns 384,300 shares of the technology company’s stock valued at $984,000 after buying an additional 30,000 shares in the last quarter. Institutional investors own 31.52% of the company’s stock.

Shares of LightPath Technologies (LPTH) traded up $0.09 during trading on Monday, reaching $2.42. The company had a trading volume of 358,101 shares, compared to its average volume of 340,144. The firm has a market cap of $59.39, a P/E ratio of 7.56, a PEG ratio of 1.54 and a beta of -0.66. LightPath Technologies has a twelve month low of $1.65 and a twelve month 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.

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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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