Vertically Integrated Companies: LightPath Technologies
December 28, 2010 (FinancialWire) (Investrend Information Syndicate) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — LightPath Technologies, Inc. (LPTH – NASDAQ) (Approx. Market Cap: US$ 15.5 Million) stock closed at $1.62 yesterday on volume of 19,700 shares. Fifty trading session ago, on October 15, 2010, LPTH closed at $2.49 on volume of 49,500 shares. LPTH’s 50 day average adjusted close is $2.07 per share.
In terms of liquidity, LPTH’s 50-day average daily trading volume is 31,950 shares, with days ranging from 700 shares traded to 103,000 shares traded during that 50-day period.
Yahoo! Finance notes LPTH’s 1-year stock price target estimate at $5.58. In the last 50 sessions, LPTH stock has traded as high as $2.94 (intra-day) and as low as $1.55 (intra-day). Business Week notes LPTH stock’s 52-week high as $3.72 on September 20, 2010, and its 52-week low as $1.38 on December 31, 2009.
LightPath Technologies designs, develops, manufactures, and distributes optical components and assemblies in the United States, Europe, North Africa, and Asia. It offers precision molded glass aspheric optics, precision molded infrared molder optics, isolators, proprietary fiber-optic collimators, GRADIUM glass lenses, and other optical materials used to produce products that manipulate light. The company’s products are used in defense products, medical devices, laser aided industrial tools, automotive safety applications, barcode scanners, optical data storage, hybrid fiber coax datacom, telecom, machine vision, and sensors. LightPath Technologies, Inc. sells its products through its sales force and distributors. The company was founded in 1985 and is headquartered in Orlando, Florida.
Q3 2010 financials on LightPath are available via FinancialWire(tm) (at http://www.financialwire.net/2010/11/17/lpth-q3-2010/). Additional information on LightPath is available via Investrend syndications (at http://www.investrend.com/synd0003). Daily-updated 13-page ValuEngine reports on LightPath are available via the Investrend Research Syndicate (at http://www.valuengine.com/rep/searchsrep?pid=42&srchfor=LPTH). Also, additional equity research on LightPath may be requested via Investrend Research Syndicate affiliate-provider, The Matterhorn Group, which specializes in the tech industry (at http://www.investrend.com/matterhorn).
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