LightPath Technologies (NASDAQ:LPTH) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS

LightPath Technologies (NASDAQ:LPTHGet Free Report) issued 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. The firm had revenue of $8.63 million during the quarter, compared to the consensus estimate of $8.25 million. LightPath Technologies had a negative return on equity of 18.97% and a negative net margin of 19.72%. During the same quarter in the prior year, the business earned ($0.02) earnings per share.

LightPath Technologies Price Performance

LPTH opened at $1.26 on Friday. LightPath Technologies has a 1 year low of $1.04 and a 1 year high of $1.77. 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 has a market capitalization of $48.90 million, a price-to-earnings ratio of -7.00 and a beta of 1.31. The firm’s fifty day moving average price is $1.30 and its two-hundred day moving average price is $1.35.

Wall Street Analysts Forecast Growth

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

View Our Latest Report on LightPath Technologies

LightPath Technologies Company Profile

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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.

See Also

Earnings History for LightPath Technologies (NASDAQ:LPTH)

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