Shares of LightPath Technologies, Inc. (NASDAQ:LPTH) hit a new 52-week low during trading on Thursday . The company traded as low as $1.58 and last traded at $1.69, with a volume of 1307 shares. The stock had previously closed at $1.78.
A number of analysts recently commented on LPTH shares. Dougherty & Co lowered LightPath Technologies from a “buy” rating to a “neutral” rating in a research note on Friday, September 14th. Roth Capital set a $3.00 price target on LightPath Technologies and gave the stock a “buy” rating in a research note on Wednesday, August 15th. Finally, Zacks Investment Research lowered LightPath Technologies from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. LightPath Technologies has a consensus rating of “Hold” and a consensus price target of $2.83.
The company has a market capitalization of $42.54 million, a P/E ratio of 40.75, a price-to-earnings-growth ratio of 4.71 and a beta of -0.76. The company has a quick ratio of 2.25, a current ratio of 3.44 and a debt-to-equity ratio of 0.15.
LightPath Technologies Company Profile (NASDAQ:LPTH)
LightPath Technologies, Inc designs, develops, manufactures, and distributes optical and infrared components. Its products include molded glass and assemblies; infrared molded lenses, diamond turned, conventional ground and polished ground lenses and assemblies; and Gradium lenses. It supports a range of customers in the field of industrial, laser, defense, medical, telecommunications, and instrumentation.
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