LightPath Technologies Inc. (NASDAQ:LPTH)’s share price rose 8.1% during mid-day trading on Monday . The stock traded as high as $2.56 and last traded at $2.00, with a volume of 817,501 shares trading hands. The stock had previously closed at $1.85.

Separately, Zacks Investment Research downgraded shares of LightPath Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, July 5th.

The company has a market capitalization of $30.40 million and a P/E ratio of 54.17. The stock’s 50-day moving average is $1.74 and its 200-day moving average is $2.02.

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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