LightPath Technologies (LPTH) Receives Analyst Rating

LightPath Technologies (LPTH) : The consensus on LightPath Technologies (LPTH) based on 1 analyst recommendation on the company stock is 2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 analyst believes that the stock is a Buy, which can produce decent returns in the future.


LightPath Technologies (NASDAQ:LPTH): After opening at $2.03, the stock dipped to an intraday low of $1.95 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $2.18 and the buying power remained strong till the end. The stock closed at $2.05 for the day, a gain of 0.25% for the day session. The total traded volume was 616,067. The stocks close on the previous trading day was $2.0448.

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. It also performs research and development for optical solutions for the traditional optics markets and communications markets. Its products are integrated into a range of applications, including defense products, medical devices, laser aided industrial tools, automotive safety applications, barcode scanners, optical data storage, telecom, machine vision and sensors, among others. It is evaluating its business based on five product groups: low volume precision molded optics (LVPMO), high volume precision molded optics (HVPMO), specialty products, infrared products and non-recurring engineering (NRE).

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