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Stocks Under $5 at Risk of Bankruptcy

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9. LightPath Technologies (LPTH)

Company Profile: LightPath Technologies produces optical components and technologies that serve the medical, industrial, defense and communications industries.

Altman Z-score: -35.47

Current Share Price: $1.66 (June 7)

2011 Return: -8%

Current Ratio: 2.90, indicating that LightPath would be able to meet its short-term liabilities with its current assets.


8. Cell Therapeutics (CTICD)

Company Profile: Cell Therapeutics is a biopharmaceutical company with a focus on oncology. Last month, TheStreet's Adam Feuerstein reported that the Food and Drug Administration had again rejected pixantrone, which is Cell Therapeutics' treatment for non-Hodgkin's lymphoma.

Altman Z-score: -37.19

Current Share Price: $2.19 (June 7)

2011 Return: The stock is unchanged this year.

Current Ratio: 1.20, indicating that Cell Therapeutics should be able to meet its short-term liabilities with its current assets.

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