LightPath Technologies (LPTH) Trading Down 8.3%
LightPath Technologies, Inc. (NASDAQ:LPTH)’s share price was down 8.3% during trading on Tuesday . The stock traded as low as $2.12 and last traded at $2.21. Approximately 1,262,261 shares were traded during trading, an increase of 267% from the average daily volume of 344,241 shares. The stock had previously closed at $2.41.
Several equities analysts recently commented on LPTH shares. ValuEngine upgraded LightPath Technologies from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded LightPath Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, Dougherty & Co reaffirmed a “buy” rating and set a $3.10 price target on shares of LightPath Technologies in a report on Friday, October 6th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $2.80.
The stock has a market capitalization of $58.65, a price-to-earnings ratio of 7.24, a price-to-earnings-growth ratio of 1.52 and a beta of -0.66. The company has a current ratio of 3.18, a quick ratio of 2.29 and a debt-to-equity ratio of 0.32.
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About LightPath Technologies
LightPath Technologies, Inc is a manufacturer and integrator of families of precision molded aspheric optics, fiber-optic collimator, GRADIUM glass lenses and other optical materials used to produce products that manipulate light. The Company designs, develops, manufactures and distributes optical components and assemblies utilizing the optical processes and manufacturing technologies.
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