LightPath Technologies (NASDAQ:LPTH) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Thursday, reports.

According to Zacks, “LightPath Technologies, Inc. provides optics and photonics solutions for the industrial, defense, telecommunications, testing and measurement, and medical industries. LightPath designs, manufactures, and distributes optical and infrared components including molded glass aspheric lenses and assemblies, infrared lenses and thermal imaging assemblies, fused fiber collimators, and gradient index GRADIUM lenses. LightPath also offers custom optical assemblies, including full engineering design support. “

Separately, ValuEngine downgraded shares of LightPath Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, March 30th.

Shares of LPTH stock opened at $1.51 on Thursday. LightPath Technologies has a 52 week low of $1.40 and a 52 week high of $2.75. The company has a current ratio of 3.25, a quick ratio of 2.07 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $38.98 million, a PE ratio of 37.75, a price-to-earnings-growth ratio of 9.87 and a beta of -0.20.

A hedge fund recently bought a new stake in LightPath Technologies stock. Municipal Employees Retirement System of Michigan purchased a new stake in shares of LightPath Technologies, Inc. (NASDAQ:LPTH) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 202,150 shares of the technology company’s stock, valued at approximately $301,000. Municipal Employees Retirement System of Michigan owned approximately 0.78% of LightPath Technologies at the end of the most recent quarter. 26.66% of the stock is owned by hedge funds and other institutional investors.

About LightPath Technologies

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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