Lightpath Technologi (LPTH) Releases Quarterly Earnings Results
Lightpath Technologi (NASDAQ:LPTH) announced its earnings results on Thursday. The company reported ($0.02) earnings per share for the quarter, StockRatingsNetwork.com reports. The company had revenue of $3.13 million for the quarter, compared to the consensus estimate of $3.10 million.
Shares of Lightpath Technologi (NASDAQ:LPTH) traded up 6.45% during mid-day trading on Thursday, hitting $1.65. The stock had a trading volume of 282,404 shares. Lightpath Technologi has a 1-year low of $0.70 and a 1-year high of $1.96. The stock’s 50-day moving average is $1.63 and its 200-day moving average is $1.14. The company has a market cap of $21.4 million and a price-to-earnings ratio of 27.19.
LightPath Technologies, Inc (NASDAQ:LPTH) manufactures optical components and higher-level assemblies, including precision molded glass aspheric optics, precision molded infrared molded optics, isolators, proprietary fiber-optic collimators, GRADIUM glass lenses and other optical materials used to produce products that manipulate light.
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