Boston, MA 06/03/2013 (wallstreetpr) – The share prices of LightPath Technologies Inc. (NASDAQ:LPTH) had surged by 10.29 percent to close at $1.18 per share for the end of last trading session on Friday. The shares of the manufacturer of optical components and higher level assemblies had opened at $1.12 per share and had been trading in the range of $1.08 to $1.26 during the day, before closing at $0.11 per share higher than the previous close on Thursday.
This recent surge in share prices of LightPath Technologies Inc. (NASDAQ:LPTH) had led the company to hit new levels of 52 week high prices at $1.26 per share , while the 52 week low price level of the company is at $0.70 per share. LightPath Technologies Inc. (NASDAQ:LPTH) is involved in the development and commercialization of optical components and higher level assemblies, including precision molded glass aspheric optics, precision molded infrared molded optics, isolators, fiber-optic collimators, GRADIUM glass lenses and other optical materials used to produce products that manipulate light.
LightPath Technologies Inc. (NASDAQ:LPTH) develops and manufactures all its products through the use of advanced optical manufacturing processes. The company basically focuses on three primary products namely glass aspheres, specialty optics and infrared systems. The shares of LightPath Technologies Inc. (NASDAQ:LPTH) had been trading in heavy volumes in the recent days with nearly 261,307 shares being exchanged hands on Friday, while the average trading volume for the company is at 60,955 shares per day.
LightPath Technologies Inc. (NASDAQ:LPTH) presently holds 11.8 million shares outstanding with 3 percent institutional ownership.
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