LightPath Technologies Inc. (LPTH) Announces Earnings Results
LightPath Technologies Inc. (NASDAQ:LPTH) released its quarterly earnings data on Thursday. The company reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. The firm earned $4.73 million during the quarter. LightPath Technologies had a return on equity of 15.66% and a net margin of 8.19%.
Shares of LightPath Technologies (NASDAQ:LPTH) opened at 1.96 on Monday. LightPath Technologies has a 52 week low of $1.42 and a 52 week high of $3.79. The company has a 50-day moving average price of $1.91 and a 200-day moving average price of $1.87. The stock has a market cap of $30.56 million, a price-to-earnings ratio of 54.44 and a beta of -0.04.
A hedge fund recently raised its stake in LightPath Technologies stock. Vanguard Group Inc. raised its position in LightPath Technologies Inc. (NASDAQ:LPTH) by 2.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 357,762 shares of the company’s stock after buying an additional 7,600 shares during the period. Vanguard Group Inc. owned about 2.29% of LightPath Technologies worth $622,000 as of its most recent filing with the SEC. 8.68% of the stock is owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research raised LightPath Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, July 26th.
About LightPath Technologies
LightPath Technologies, Inc is a manufacturer and integrator of families of precision molded aspheric optics, fiber-optic collimator, GRADIUM glass lenses and other optical materials used to produce products that manipulate light. The Company designs, develops, manufactures and distributes optical components and assemblies utilizing the optical processes and manufacturing technologies.
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