Somewhat Positive News Coverage Somewhat Unlikely to Impact LightPath Technologies (NASDAQ:LPTH) Stock Price
News articles about LightPath Technologies (NASDAQ:LPTH) have trended somewhat positive this week, Accern reports. The research group rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. LightPath Technologies earned a daily sentiment score of 0.07 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 45.9432248197289 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
LPTH has been the topic of several recent analyst reports. Dougherty & Co upped their price target on LightPath Technologies from $3.00 to $3.50 and gave the company a “buy” rating in a research note on Friday, May 5th. Zacks Investment Research lowered LightPath Technologies from a “buy” rating to a “hold” rating in a research note on Friday, July 7th.
LightPath Technologies (NASDAQ:LPTH) traded up 0.74% during midday trading on Thursday, hitting $2.72. The company had a trading volume of 103,818 shares. LightPath Technologies has a 52-week low of $1.21 and a 52-week high of $3.33. The stock has a 50 day moving average of $2.76 and a 200 day moving average of $2.45. The firm has a market cap of $65.59 million, a price-to-earnings ratio of 30.22 and a beta of -0.59.
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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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