LightPath Technologies, Inc. (NASDAQ:LPTH – Get Free Report) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totalling 59,200 shares, a decrease of 12.8% from the May 31st total of 67,900 shares. Based on an average daily volume of 57,300 shares, the short-interest ratio is presently 1.0 days.
LightPath Technologies Stock Performance
Shares of NASDAQ:LPTH opened at $1.26 on Friday. LightPath Technologies has a 1 year low of $1.12 and a 1 year high of $2.00. The firm has a market capitalization of $48.90 million, a price-to-earnings ratio of -7.00 and a beta of 1.25. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.01 and a quick ratio of 1.13. The business’s 50 day moving average price is $1.32 and its 200-day moving average price is $1.39.
LightPath Technologies (NASDAQ:LPTH – Get Free Report) last announced its earnings results on Thursday, May 9th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). LightPath Technologies had a negative net margin of 19.72% and a negative return on equity of 18.97%. The business had revenue of $7.70 million for the quarter, compared to analysts’ expectations of $7.94 million. During the same quarter last year, the business earned ($0.03) EPS. On average, equities research analysts forecast that LightPath Technologies will post -0.2 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
Several equities research analysts have commented on LPTH shares. StockNews.com started coverage on LightPath Technologies in a research report on Monday, June 24th. They issued a “hold” rating on the stock. HC Wainwright reiterated a “buy” rating and set a $3.00 target price on shares of LightPath Technologies in a research report on Friday, May 10th.
Get Our Latest Research Report on LPTH
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.
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