LightPath Technologies (NASDAQ:LPTH) Shares Pass Above 200-Day Moving Average – Should You Sell?

LightPath Technologies, Inc. (NASDAQ:LPTH)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.20 and traded as high as $2.40. LightPath Technologies shares last traded at $2.21, with a volume of 115,476 shares traded.

Analyst Ratings Changes

Several research firms have recently commented on LPTH. Lake Street Capital upped their price target on shares of LightPath Technologies from $3.00 to $4.00 and gave the company a “buy” rating in a research report on Friday, December 27th. HC Wainwright reaffirmed a “buy” rating and set a $5.00 target price on shares of LightPath Technologies in a report on Thursday, February 27th. LADENBURG THALM/SH SH increased their price target on shares of LightPath Technologies from $3.00 to $5.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Finally, StockNews.com downgraded shares of LightPath Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, January 4th.

LightPath Technologies Trading Down 3.3 %

The stock has a 50-day moving average price of $2.67 and a two-hundred day moving average price of $2.21. The stock has a market capitalization of $83.53 million, a PE ratio of -8.67 and a beta of 1.67. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.90 and a current ratio of 1.53.

LightPath Technologies (NASDAQ:LPTH) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.03). The firm had revenue of $7.43 million for the quarter, compared to analysts’ expectations of $8.28 million. LightPath Technologies had a negative net margin of 28.57% and a negative return on equity of 31.13%. As a group, equities analysts forecast that LightPath Technologies, Inc. will post -0.18 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of LPTH. Legato Capital Management LLC bought a new stake in LightPath Technologies during the fourth quarter valued at about $83,000. Essex Investment Management Co. LLC purchased a new stake in shares of LightPath Technologies during the fourth quarter worth about $338,000. J.W. Cole Advisors Inc. bought a new stake in LightPath Technologies during the 4th quarter valued at approximately $87,000. Crewe Advisors LLC purchased a new position in LightPath Technologies in the 4th quarter worth approximately $28,000. Finally, Wealth Effects LLC bought a new position in LightPath Technologies in the 4th quarter worth approximately $164,000. Hedge funds and other institutional investors own 56.29% of the company’s stock.

About LightPath Technologies

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 components used to produce products that manipulate light; and infrared products, including catalog and custom infrared optics.