LightPath Technologies (NASDAQ:LPTH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “LightPath Technologies, Inc. provides optics and photonics solutions for the industrial, defense, telecommunications, testing and measurement, and medical industries. LightPath designs, manufactures, and distributes optical and infrared components including molded glass aspheric lenses and assemblies, infrared lenses and thermal imaging assemblies, fused fiber collimators, and gradient index GRADIUM lenses. LightPath also offers custom optical assemblies, including full engineering design support. “

Separately, Dougherty & Co reissued a “buy” rating and issued a $3.10 price objective on shares of LightPath Technologies in a research note on Friday, October 6th.

Shares of LightPath Technologies (NASDAQ LPTH) traded up $0.02 during trading hours on Tuesday, reaching $2.33. 140,909 shares of the company traded hands, compared to its average volume of 337,589. The company has a market cap of $56.69, a P/E ratio of 7.28, a price-to-earnings-growth ratio of 1.48 and a beta of -0.66. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.29 and a current ratio of 3.18. LightPath Technologies has a fifty-two week low of $1.65 and a fifty-two week high of $4.10.

A number of large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its stake in LightPath Technologies by 45.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 453,767 shares of the technology company’s stock valued at $1,162,000 after purchasing an additional 142,720 shares during the last quarter. Foundry Partners LLC lifted its stake in LightPath Technologies by 8.5% in the 3rd quarter. Foundry Partners LLC now owns 384,300 shares of the technology company’s stock valued at $984,000 after purchasing an additional 30,000 shares during the last quarter. Essex Investment Management Co. LLC increased its position in LightPath Technologies by 152.6% in the 3rd quarter. Essex Investment Management Co. LLC now owns 143,267 shares of the technology company’s stock valued at $367,000 after acquiring an additional 86,541 shares during the period. Manatuck Hill Partners LLC increased its position in LightPath Technologies by 2.3% in the 2nd quarter. Manatuck Hill Partners LLC now owns 1,125,000 shares of the technology company’s stock valued at $3,038,000 after acquiring an additional 25,000 shares during the period. Finally, Virtu KCG Holdings LLC increased its position in LightPath Technologies by 601.9% in the 2nd quarter. Virtu KCG Holdings LLC now owns 215,689 shares of the technology company’s stock valued at $582,000 after acquiring an additional 184,960 shares during the period. 31.52% of the stock is owned by institutional investors and hedge funds.

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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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