LightPath Technologies, Inc. (LPTH) stock is higher by 36.88% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With LPTH Stock Today?
LightPath Technologies, Inc. (LPTH) stock is lower by -8.75% while the S&P 500 is up 0.65% as of 1:42 PM on Wednesday, Dec 23. LPTH is lower by -$0.42 from the previous closing price of $4.80 on volume of 660,531 shares. Over the past year the S&P 500 is higher by 15.11% while LPTH is up 544.12%. LPTH earned $0.08 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 51.7.
To see the top 5 stocks in the Electronic Components industry click here.
More About LightPath Technologies, Inc.
LightPath Technologies Inc is a manufacturer, distributor, and integrator of proprietary optical components and assemblies. It is also engaged in the research and development for optical solutions for the traditional optics markets and communications markets. The company's business based on the following product groups: precision molded optics, specialty products, and infrared products. It currently serves the following major markets, distribution and catalog, laser, industrial, instrumentation, telecommunications, and defense.
Click Here to get the full Stock Score Report on LightPath Technologies, Inc. (LPTH) Stock.
