LightPath Technologies (NASDAQ:LPTH) Posts Earnings Results, Misses Estimates By $0.02 EPS

LightPath Technologies (NASDAQ:LPTH) issued 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%. The firm had revenue of $8.63 million during the quarter, compared to analyst estimates of $8.25 million. During the same quarter in the prior year, the business earned ($0.02) earnings per share.

LightPath Technologies Trading Up 3.3 %

LPTH opened at $1.27 on Friday. LightPath Technologies has a fifty-two week low of $1.04 and a fifty-two week high of $1.77. The firm has a market capitalization of $49.28 million, a PE ratio of -7.06 and a beta of 1.31. 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 company’s 50-day moving average is $1.31 and its 200 day moving average is $1.35.

Analyst Ratings Changes

LPTH has been the topic of several recent research reports. StockNews.com began coverage on 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.

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.