Zacks: LightPath Technologies, Inc. (LPTH) Given $2.55 Average Price Target by Brokerages
Shares of LightPath Technologies, Inc. (NASDAQ:LPTH) have been given an average broker rating score of 1.67 (Buy) from the three brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and two have assigned a strong buy rating to the company.
Brokerages have set a 1 year consensus target price of $2.55 for the company and are anticipating that the company will post $0.01 EPS for the current quarter, according to Zacks. Zacks has also given LightPath Technologies an industry rank of 191 out of 255 based on the ratings given to its competitors.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of LightPath Technologies from a “strong sell” rating to a “hold” rating in a report on Thursday, April 11th. ValuEngine lowered shares of LightPath Technologies from a “buy” rating to a “hold” rating in a report on Saturday, March 30th.
An institutional investor recently raised its position in LightPath Technologies stock. First Interstate Bank boosted its position in shares of LightPath Technologies, Inc. (NASDAQ:LPTH) by 54.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,500 shares of the technology company’s stock after purchasing an additional 19,500 shares during the period. First Interstate Bank owned approximately 0.22% of LightPath Technologies worth $83,000 at the end of the most recent reporting period. 26.66% of the stock is owned by hedge funds and other institutional investors.
LightPath Technologies Company Profile
LightPath Technologies, Inc designs, develops, manufactures, and distributes optical components and assemblies. The company offers precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, and other optical materials used to produce products that manipulate light. Its products are used in various industries, including defense products, medical devices, laser aided industrial tools, automotive safety applications, barcode scanners, optical data storage, hybrid fiber coax datacom, telecommunications, machine vision and sensors, and other industries.
Recommended Story: Why is the LIBOR significant?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for LightPath Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LightPath Technologies and related companies with MarketBeat.com's FREE daily email newsletter.