LightPath Technologies (NASDAQ:LPTH) Releases Earnings Results, Misses Expectations By $0.02 EPS

LightPath Technologies (NASDAQ:LPTH) issued its quarterly earnings results on Thursday. The technology company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02), Zacks reports. LightPath Technologies had a negative return on equity of 18.97% and a negative net margin of 19.72%. The business had revenue of $8.63 million for the quarter, compared to analysts’ expectations of $8.25 million. During the same quarter in the previous year, the firm posted ($0.02) EPS.

LightPath Technologies Stock Performance

NASDAQ LPTH traded down $0.01 during trading hours on Friday, reaching $1.26. The stock had a trading volume of 116,566 shares, compared to its average volume of 51,562. The stock has a fifty day moving average of $1.30 and a 200 day moving average of $1.35. The stock has a market cap of $48.90 million, a P/E ratio of -7.00 and a beta of 1.31. LightPath Technologies has a 52-week low of $1.04 and a 52-week high of $1.77. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.13 and a current ratio of 2.01.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LPTH. HC Wainwright restated a “buy” rating and set a $3.00 price target on shares of LightPath Technologies in a research note on Friday. StockNews.com assumed coverage on LightPath Technologies in a research note on Friday. They set a “hold” rating on the stock.

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