LightPath Technologies is trading 5% down at $9.54 amid uncertainty around the U.S. Army’s Next Generation Short Range Interceptor program after the Army indicated it may seek additional suppliers.
- Shares fell 10.42% on August 31 and 18.56% on August 28.
- Canaccord cut its price target to $15.50 from $16.50 while retaining a Buy rating.
- Broader risk-off market conditions are adding pressure.