LightPath Technologies (NASDAQ:LPTH) Announces Earnings Results

LightPath Technologies (NASDAQ:LPTH) released its earnings results on Thursday. The technology company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $8.25 million. During the same quarter in the prior year, the firm earned ($0.02) EPS.

LightPath Technologies Stock Performance

NASDAQ:LPTH opened at $1.27 on Friday. The stock has a market cap of $49.28 million, a P/E ratio of -7.06 and a beta of 1.31. The company has a current ratio of 2.01, a quick ratio of 1.13 and a debt-to-equity ratio of 0.03. The stock’s 50-day moving average is $1.31 and its 200-day moving average is $1.35. LightPath Technologies has a 1-year low of $1.04 and a 1-year high of $1.77.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. HC Wainwright reiterated a “buy” rating and issued a $3.00 target price on shares of LightPath Technologies in a research report on Friday. StockNews.com assumed coverage on LightPath Technologies in a research report on Friday. They issued a “hold” rating on the stock.

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.