LightPath Technologies, Inc. (NASDAQ:LPTH) has been assigned a consensus rating of “Hold” from the six research firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $3.00.

Several research analysts recently weighed in on the company. TheStreet cut LightPath Technologies from a “c” rating to a “d+” rating in a research note on Thursday, May 16th. Zacks Investment Research cut LightPath Technologies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 14th. B. Riley reaffirmed a “buy” rating on shares of LightPath Technologies in a research note on Tuesday, May 7th. Finally, ValuEngine cut LightPath Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th.

A number of hedge funds have recently made changes to their positions in LPTH. Municipal Employees Retirement System of Michigan bought a new position in LightPath Technologies during the fourth quarter valued at about $301,000. Royce & Associates LP boosted its stake in LightPath Technologies by 12.5% during the first quarter. Royce & Associates LP now owns 1,133,546 shares of the technology company’s stock valued at $1,700,000 after buying an additional 126,100 shares in the last quarter. Coastal Investment Advisors Inc. bought a new position in LightPath Technologies during the first quarter valued at about $37,000. Finally, First Interstate Bank boosted its stake in LightPath Technologies by 54.2% during the fourth quarter. First Interstate Bank now owns 55,500 shares of the technology company’s stock valued at $83,000 after buying an additional 19,500 shares in the last quarter. 27.23% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:LPTH traded down $0.08 on Friday, hitting $1.05. The company’s stock had a trading volume of 51,843 shares, compared to its average volume of 92,233. LightPath Technologies has a 12 month low of $0.95 and a 12 month high of $2.75. The stock has a market cap of $27.10 million, a price-to-earnings ratio of 26.25 and a beta of -0.21. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.13 and a current ratio of 3.54.

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.

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