LightPath Technologies Inc. (NASDAQ:LPTH)’s share price shot up 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 raised shares of LightPath Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, July 26th.

The company’s 50 day moving average price is $1.74 and its 200 day moving average price is $1.99. The firm has a market capitalization of $30.25 million and a price-to-earnings ratio of 53.9000.

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.