StockNews.com started coverage on shares of LightPath Technologies (NASDAQ:LPTH – Free Report) in a research note issued to investors on Sunday. The brokerage issued a hold rating on the technology company’s stock.
Separately, LADENBURG THALM/SH SH began coverage on shares of LightPath Technologies in a report on Friday, June 30th. They set a buy rating for the company.
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LightPath Technologies Trading Down 1.2 %
Shares of LightPath Technologies stock opened at $1.68 on Friday. The company has a market capitalization of $62.71 million, a P/E ratio of -10.50 and a beta of 1.61. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.04 and a current ratio of 3.14. The company has a fifty day moving average of $1.73 and a 200 day moving average of $1.54. LightPath Technologies has a fifty-two week low of $0.99 and a fifty-two week high of $2.00.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in LPTH. Legato Capital Management LLC bought a new position in shares of LightPath Technologies in the 1st quarter valued at about $28,000. Jane Street Group LLC bought a new position in shares of LightPath Technologies in the 1st quarter valued at about $30,000. Tower Research Capital LLC TRC lifted its holdings in shares of LightPath Technologies by 69.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 29,075 shares of the technology company’s stock valued at $31,000 after acquiring an additional 11,908 shares during the last quarter. Charles Schwab Investment Management Inc. bought a new position in shares of LightPath Technologies in the 2nd quarter valued at about $33,000. Finally, Virtu Financial LLC bought a new position in shares of LightPath Technologies in the 1st quarter valued at about $36,000. Institutional investors own 43.69% of the company’s stock.
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 components used to produce products that manipulate light; and infrared products, including catalog and custom infrared optics.
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