LightPath Technologies, Inc. (LPTH) Receives Average Rating of “Buy” from Brokerages

Shares of LightPath Technologies, Inc. (NASDAQ:LPTH) have earned a consensus broker rating score of 1.67 (Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and two have given a strong buy recommendation to the company.

Brokerages have set a 12 month consensus target price of $2.55 for the company and are predicting that the company will post $0.01 earnings per share for the current quarter, according to Zacks. Zacks has also given LightPath Technologies an industry rank of 155 out of 255 based on the ratings given to its competitors.

Separately, Zacks Investment Research lowered LightPath Technologies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 12th.

An institutional investor recently raised its position in LightPath Technologies stock. First Interstate Bank lifted its position in LightPath Technologies, Inc. (NASDAQ:LPTH) by 54.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,500 shares of the technology company’s stock after acquiring an additional 19,500 shares during the period. First Interstate Bank owned 0.22% of LightPath Technologies worth $83,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 26.68% of the company’s stock.

Shares of NASDAQ LPTH remained flat at $$1.70 during trading on Friday. The stock had a trading volume of 25,731 shares, compared to its average volume of 53,340. LightPath Technologies has a 1 year low of $1.40 and a 1 year high of $2.75. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.25 and a quick ratio of 2.07. The stock has a market cap of $43.62 million, a PE ratio of 42.50, a PEG ratio of 11.27 and a beta of -0.13.

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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