LightPath Technologies (LPTH) PT Set at $3.00 by Roth Capital

LightPath Technologies (NASDAQ:LPTH) received a $3.00 price target from research analysts at Roth Capital in a research note issued to investors on Wednesday. The firm currently has a “buy” rating on the technology company’s stock. Roth Capital’s price objective would suggest a potential upside of 31.00% from the stock’s previous close.

Separately, Zacks Investment Research raised LightPath Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, November 14th. Four investment 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) traded up $0.02 during midday trading on Wednesday, reaching $2.29. The company had a trading volume of 201,500 shares, compared to its average volume of 290,275. LightPath Technologies has a 12-month low of $1.90 and a 12-month high of $4.10. The stock has a market cap of $61.24, a P/E ratio of 7.16, a P/E/G ratio of 1.38 and a beta of -0.54. 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 have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. purchased a new position in LightPath Technologies during the fourth quarter worth $143,000. Virtu Financial LLC increased its position in LightPath Technologies by 414.2% during 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% during 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% during 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% during 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. 29.38% of the stock is owned by institutional investors.

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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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