LightPath Technologies (NASDAQ:LPTH) Issues Quarterly Earnings Results

LightPath Technologies (NASDAQ:LPTH) announced its earnings results on Thursday. The technology company reported ($0.06) earnings per share (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%. The business had revenue of $8.63 million for the quarter, compared to analysts’ expectations of $8.25 million. During the same quarter last year, the firm earned ($0.02) EPS.

LightPath Technologies Stock Down 0.8 %

LightPath Technologies stock traded down $0.01 during midday trading on Friday, hitting $1.26. 116,566 shares of the company’s stock were exchanged, compared to its average volume of 51,562. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.13 and a current ratio of 2.01. The company has a market cap of $48.90 million, a PE ratio of -7.00 and a beta of 1.31. The firm has a 50-day moving average of $1.30 and a two-hundred day moving average of $1.35. LightPath Technologies has a 12 month low of $1.04 and a 12 month high of $1.77.

Analyst Ratings Changes

A number of research analysts have recently commented on LPTH shares. StockNews.com began coverage on shares of LightPath Technologies in a report on Friday. They issued a “hold” rating on the stock. HC Wainwright reaffirmed a “buy” rating and set a $3.00 target price on shares of LightPath Technologies in a research report on Friday.

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.