Shares of LightPath Technologies Inc. (NASDAQ:LPTH) rose 4% during mid-day trading on Friday . The company traded as high as $2.09 and last traded at $2.08, with a volume of 53,808 shares. The stock had previously closed at $2.00.

Separately, Zacks Investment Research raised LightPath Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, July 26th.

The firm has a 50-day moving average price of $1.78 and a 200-day moving average price of $1.95. The stock has a market capitalization of $31.80 million and a PE ratio of 56.67.

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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