LightPath Technologies (LPTH) Issues Earnings Results
LightPath Technologies (NASDAQ:LPTH) issued its earnings results on Thursday. The technology company reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.01), Fidelity Earnings reports. LightPath Technologies had a return on equity of 3.75% and a net margin of 3.26%. The company had revenue of $8.55 million for the quarter, compared to the consensus estimate of $8.09 million.
Shares of NASDAQ:LPTH traded down $0.04 during trading on Friday, hitting $1.85. 146,259 shares of the company’s stock traded hands, compared to its average volume of 87,377. LightPath Technologies has a 52 week low of $1.65 and a 52 week high of $3.40. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.39 and a quick ratio of 2.27. The stock has a market capitalization of $48.97 million, a PE ratio of 38.00, a price-to-earnings-growth ratio of 2.00 and a beta of -0.74.
A number of equities analysts have issued reports on LPTH shares. Zacks Investment Research upgraded LightPath Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, July 24th. Roth Capital set a $3.00 price objective on LightPath Technologies and gave the company a “buy” rating in a report on Wednesday, August 15th. Finally, Dougherty & Co cut LightPath Technologies from a “buy” rating to a “neutral” rating in a report on Friday, September 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. LightPath Technologies presently has an average rating of “Hold” and an average price target of $2.83.
LightPath Technologies Company Profile
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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