A number of firms have modified their ratings and price targets on shares of LightPath Technologies (NASDAQ: LPTH) recently:
- 9/28/2024 – LightPath Technologies is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
- 9/20/2024 – LightPath Technologies is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
- 9/20/2024 – LightPath Technologies had its “buy” rating reaffirmed by analysts at HC Wainwright. They now have a $3.00 price target on the stock.
- 9/12/2024 – LightPath Technologies is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
- 9/4/2024 – LightPath Technologies is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
- 8/27/2024 – LightPath Technologies is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
- 8/19/2024 – LightPath Technologies is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
- 8/11/2024 – LightPath Technologies is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
- 8/3/2024 – LightPath Technologies is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
LightPath Technologies Stock Up 7.3 %
Shares of NASDAQ:LPTH traded up $0.10 during midday trading on Tuesday, reaching $1.47. 127,486 shares of the company were exchanged, compared to its average volume of 53,807. The firm has a market cap of $57.05 million, a PE ratio of -8.17 and a beta of 1.31. LightPath Technologies, Inc. has a fifty-two week low of $1.04 and a fifty-two week high of $1.77. The stock has a fifty day simple moving average of $1.31 and a two-hundred day simple moving average of $1.34. The company has a quick ratio of 1.12, a current ratio of 1.93 and a debt-to-equity ratio of 0.03.
LightPath Technologies (NASDAQ:LPTH – Get Free Report) last posted its quarterly earnings data on Thursday, September 19th. The technology company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.02). LightPath Technologies had a negative return on equity of 24.55% and a negative net margin of 25.24%. The firm had revenue of $8.63 million for the quarter, compared to analyst estimates of $8.25 million. During the same period in the prior year, the company earned ($0.02) earnings per share. As a group, sell-side analysts forecast that LightPath Technologies, Inc. will post -0.13 earnings per share for the current year.
Institutional Trading of 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 components used to produce products that manipulate light; and infrared products, including catalog and custom infrared optics.
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