LightPath Technologies Inc shares rise 8.5% following completion of Chinese subsidiary sale
LPTH Lightpath Technologies Inc
$7.52 -5.88%
View chart & analysis → - 1LightPath Technologies Inc sold its Chinese subsidiary, LightPath (Automotive) Optical Devices Co., Ltd., to local management on October 30, 2026.
- 2This sale results in an annual revenue loss of approximately $4.5 million for LightPath Technologies Inc from third-party customer sales in its Chinese division for fiscal years 2025-2026.
- 3LightPath Technologies Inc shares rose 8.5% on Friday.
So what's the key point?
LightPath Technologies Inc sold its subsidiary in China to local management. The stock price rose 8.5% following this news.
Source Investing.com · View original ↗
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