LightPath Technologies (NASDAQ:LPTH) Announces Quarterly Earnings Results

LightPath Technologies (NASDAQ:LPTH) released its earnings results on Thursday. The technology company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02), Zacks reports. LightPath Technologies had a negative net margin of 19.72% and a negative return on equity of 18.97%. During the same period in the previous year, the firm earned ($0.02) EPS.

LightPath Technologies Price Performance

Shares of LPTH opened at $1.27 on Friday. The firm has a market capitalization of $49.28 million, a price-to-earnings ratio of -7.06 and a beta of 1.31. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.13 and a current ratio of 2.01. LightPath Technologies has a one year low of $1.04 and a one year high of $1.77. The stock’s fifty day moving average is $1.31 and its 200-day moving average is $1.35.

Wall Street Analyst Weigh In

Several research firms have recently commented on LPTH. HC Wainwright reiterated a “buy” rating and set a $3.00 target price on shares of LightPath Technologies in a research note on Friday. StockNews.com initiated coverage on LightPath Technologies in a research note on Friday. They issued a “hold” rating on the stock.

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 components used to produce products that manipulate light; and infrared products, including catalog and custom infrared optics.