Boston, MA 06/04/2013 (wallstreetpr) - LightPath Technologies Inc. (NASDAQ:LPTH), involved in manufacturing optical components and higher level assemblies had surged in share prices by 23.72 percent to close at $1.46 per share for the end of last trading session on Monday. The shares of the company had been trading in the range of $1.25 to $1.50 during the day, thus pushing them to new 52 week high price. The shares of LightPath Technologies Inc. (NASDAQ:LPTH) had hit the new 52 week high price level at $1.50 per share and the 52 week low price level of the company is at $0.70 per share.
LightPath Technologies Inc. (NASDAQ:LPTH) is engaged in the design, development, manufacture and sales of optical components and higher level assemblies based on advanced optical manufacturing processes. The optical components related products find applications in wide range of industries such as medical devices, laser aided instrument tools, defense related products, barcode scanners, telecom, hybrid fiber coax datacom, machine vision, optical data storage and such other similar products.
LightPath Technologies Inc. (NASDAQ:LPTH) produces optical components in three major categories namely glass aspheres, specialty optics and infrared systems. The shares of the optical components manufacturer had surged in their prices and trading volumes following the up gradation of the stock rating to strong buy.
The shares of LightPath Technologies Inc. (NASDAQ:LPTH) had experienced heavy trading volume at 845,662 shares being exchanged on Monday. The company presently holds 11.80 million shares outstanding in the market with an institutional ownership of 3 percent of its holdings.