LightPath Technologies (LPTH) Downgraded by Zacks Investment Research to Sell
Zacks Investment Research downgraded shares of LightPath Technologies (NASDAQ:LPTH) from a hold rating to a sell rating in a research report sent to investors on Thursday.
According to Zacks, “LightPath Technologies, Inc. provides optics and photonics solutions for the industrial, defense, telecommunications, testing and measurement, and medical industries. LightPath designs, manufactures, and distributes optical and infrared components including molded glass aspheric lenses and assemblies, infrared lenses and thermal imaging assemblies, fused fiber collimators, and gradient index GRADIUM lenses. LightPath also offers custom optical assemblies, including full engineering design support. “
Separately, Dougherty & Co downgraded shares of LightPath Technologies from a buy rating to a neutral rating in a report on Friday, September 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $2.83.
LightPath Technologies (NASDAQ:LPTH) last announced its earnings results on Thursday, November 8th. The technology company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The company had revenue of $8.55 million for the quarter, compared to the consensus estimate of $8.09 million. LightPath Technologies had a return on equity of 1.45% and a net margin of 0.77%. On average, research analysts forecast that LightPath Technologies will post 0.02 EPS for the current year.
About LightPath Technologies
LightPath Technologies, Inc designs, develops, manufactures, and distributes optical components and assemblies. The company offers precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, and other optical materials used to produce products that manipulate light. Its products are used in various industries, including defense products, medical devices, laser aided industrial tools, automotive safety applications, barcode scanners, optical data storage, hybrid fiber coax datacom, telecommunications, machine vision and sensors, and other industries.
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