Lightpath Technologies Inc (LPTH)

[tigerpac]

The Wainwright coverage at $5.50 gave folks the perfect cover to sell their shares.

LightPath initiated with a Buy at H.C. Wainwright; tgt $5.50
3:45 PM ET, 02/23/2021 - Briefing.com

. H.C. Wainwright initiates LPTH with a Buy and price target of $5.50. Analyst Scott Buck said, "The company, headquartered in Orlando, Florida, designs, develops, and manufacturers optical and infrared lenses and optical assemblies for use in a wide variety of industries including medical, defense, and telecommunication fields. While the global market for optical equipment is highly competitive and highly fragmented, LightPath's optical design engineering expertise, low-cost structure and global footprint position the business to benefit from increasing capacity and industry tailwinds driving both revenue growth and margin expansion."