In a report released today, Scott Buck from H.C. Wainwright reiterated a Buy rating on Lightpath Technologies (LPTH – Research Report), with a price target of $3.00. The company’s shares closed last Friday at $1.65.
Buck covers the Technology sector, focusing on stocks such as Akerna, NexTech AR Solutions, and Intellicheck Mobilisia. According to TipRanks, Buck has an average return of -7.5% and a 35.03% success rate on recommended stocks.
Lightpath Technologies has an analyst consensus of Moderate Buy, with a price target consensus of $3.00.
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LPTH market cap is currently $59.92M and has a P/E ratio of -11.35.
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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. The company was founded on June 15, 1992 and is headquartered in Orlando, FL.
Read More on LPTH:
- MANTIS could be catalyst to transform LightPath, says Alliance Global Partners
- LightPath 9.09M share Spot Secondary priced at $1.10
- LightPath announces pricing of $10M public offering of common stock
- LightPath announces common stock offering, no amount given
- LightPath introduces MANTIS camera system
