LightPath Technologies is trading 5.52% down at $10.61 after another sharp selloff, with recent coverage pointing to valuation concerns.
- The decline follows the August 28 close of $11.23, which was already down 18.56%.
- No reliable August 31 company-specific announcement has been identified; coverage also points to profit-taking, insider selling and dilution overhang.
- Broader markets are weaker amid geopolitical tensions, higher oil and renewed rate-hike concerns, but these factors do not fully explain the larger decline.