Shares of LightPath Technologies, Inc. (NASDAQ:LPTH) have been given a consensus broker rating score of 1.67 (Buy) from the three analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and two have assigned a strong buy rating to the company.

Analysts have set a one year consensus price objective of $2.55 for the company and are forecasting that the company will post $0.01 earnings per share for the current quarter, according to Zacks. Zacks has also assigned LightPath Technologies an industry rank of 191 out of 255 based on the ratings given to its competitors.

Separately, Zacks Investment Research lowered LightPath Technologies from a “hold” rating to a “sell” rating in a report on Thursday, January 10th.

An institutional investor recently raised its position in LightPath Technologies stock. First Interstate Bank raised its holdings in LightPath Technologies, Inc. (NASDAQ:LPTH) by 54.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,500 shares of the technology company’s stock after purchasing an additional 19,500 shares during the quarter. First Interstate Bank owned 0.22% of LightPath Technologies worth $83,000 as of its most recent filing with the Securities and Exchange Commission. 26.80% of the stock is currently owned by institutional investors and hedge funds.

LPTH traded down $0.02 during trading on Friday, reaching $1.73. The company’s stock had a trading volume of 100,661 shares, compared to its average volume of 55,840. LightPath Technologies has a 52-week low of $1.40 and a 52-week high of $2.75. The firm has a market capitalization of $44.66 million, a PE ratio of 43.25, a P/E/G ratio of 11.67 and a beta of -0.18. The company has a current ratio of 3.25, a quick ratio of 2.07 and a debt-to-equity ratio of 0.15.

LightPath Technologies Company Profile

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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