LightPath Technologies, Inc. (NASDAQ:LPTH – Get Free Report) was the target of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 90,900 shares, an increase of 5.3% from the October 15th total of 86,300 shares. Based on an average daily trading volume, of 42,600 shares, the short-interest ratio is presently 2.1 days.
LightPath Technologies Stock Performance
LPTH traded up $0.03 on Friday, hitting $1.25. 20,474 shares of the company’s stock were exchanged, compared to its average volume of 91,561. The company has a current ratio of 2.34, a quick ratio of 1.46 and a debt-to-equity ratio of 0.05. The stock has a fifty day moving average of $1.50 and a two-hundred day moving average of $1.54. LightPath Technologies has a twelve month low of $1.05 and a twelve month high of $2.00. The firm has a market cap of $46.83 million, a PE ratio of -10.08 and a beta of 1.63.
LightPath Technologies (NASDAQ:LPTH – Get Free Report) last announced its quarterly earnings results on Thursday, September 14th. The technology company reported ($0.02) earnings per share for the quarter. LightPath Technologies had a negative return on equity of 11.80% and a negative net margin of 11.91%. The company had revenue of $9.69 million for the quarter, compared to analyst estimates of $9.12 million. On average, research analysts anticipate that LightPath Technologies will post -0.1 earnings per share for the current fiscal year.
Institutional Investors Weigh In On LightPath Technologies
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on LPTH shares. StockNews.com initiated coverage on shares of LightPath Technologies in a research report on Monday. They set a “hold” rating on the stock. HC Wainwright reiterated a “buy” rating and issued a $3.00 target price on shares of LightPath Technologies in a research report on Tuesday, September 19th.
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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