LightPath Technologies (NASDAQ:LPTH) Stock Price Up 8.5% – What’s Next?

LightPath Technologies, Inc. (NASDAQ:LPTH)’s stock price was up 8.5% during trading on Tuesday . The stock traded as high as $13.10 and last traded at $13.6440. Approximately 842,242 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 2,922,532 shares. The stock had previously closed at $12.57.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. LADENBURG THALM/SH SH raised LightPath Technologies to a “strong-buy” rating in a research note on Thursday, December 18th. HC Wainwright raised their price target on shares of LightPath Technologies from $8.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, November 12th. Lake Street Capital boosted their target price on LightPath Technologies from $10.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. Wall Street Zen raised shares of LightPath Technologies from a “sell” rating to a “hold” rating in a report on Sunday, December 21st. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of LightPath Technologies in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.13.

LightPath Technologies Stock Up 10.6%

The business’s 50-day moving average is $9.03 and its two-hundred day moving average is $6.88. The firm has a market capitalization of $633.09 million, a price-to-earnings ratio of -35.78 and a beta of 0.98. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.26 and a current ratio of 1.98.

Insider Activity at LightPath Technologies

In other news, Director Run Strategic Opportunit North sold 770,321 shares of the company’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $11.72, for a total transaction of $9,028,162.12. Following the completion of the transaction, the director directly owned 2,728,968 shares of the company’s stock, valued at $31,983,504.96. This represents a 22.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 24.80% of the stock is currently owned by company insiders.

Institutional Trading of LightPath Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in LPTH. Marathon Capital Management bought a new position in shares of LightPath Technologies in the 2nd quarter valued at about $54,000. J.W. Cole Advisors Inc. acquired a new position in shares of LightPath Technologies in the second quarter valued at $79,000. Occudo Quantitative Strategies LP bought a new position in LightPath Technologies in the 3rd quarter valued at about $82,000. Hudson Bay Capital Management LP acquired a new position in LightPath Technologies in the 3rd quarter valued at $84,000. Finally, Wexford Capital LP bought a new position in LightPath Technologies during the 3rd quarter worth $88,000. 56.29% of the stock is currently owned by institutional investors and hedge funds.

About LightPath Technologies

LightPath Technologies, Inc designs, manufactures and distributes precision optical components and assemblies for a variety of commercial, industrial, defense and scientific applications. The company’s portfolio includes molded glass aspheric lenses, precision glass optics, infrared lenses and assemblies, diamond-turned optics and molded polymer optics. These components are engineered to support imaging, illumination, laser delivery, detection and sensing systems across visible, ultraviolet and infrared wavelengths.

Among its core offerings, LightPath develops infrared optical solutions using materials such as germanium, zinc selenide and chalcogenide glasses for thermal imaging, night-vision devices and spectroscopy.