LightPath Technologies (NASDAQ:LPTH) Releases Earnings Results, Misses Estimates By $0.03 EPS

LightPath Technologies (NASDAQ:LPTH) released its quarterly earnings results on Thursday. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03), Zacks reports. LightPath Technologies had a negative net margin of 25.86% and a negative return on equity of 26.51%.

LightPath Technologies Stock Down 21.8 %

LightPath Technologies stock traded down $0.77 during midday trading on Thursday, hitting $2.75. 1,605,316 shares of the company’s stock were exchanged, compared to its average volume of 409,472. LightPath Technologies has a 12 month low of $1.04 and a 12 month high of $4.42. The company has a market cap of $108.89 million, a PE ratio of -12.50 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.03 and a current ratio of 1.73. The firm has a 50-day moving average of $3.06 and a two-hundred day moving average of $2.01.

Analyst Ratings Changes

A number of research firms recently issued reports on LPTH. HC Wainwright upped their price target on shares of LightPath Technologies from $3.00 to $5.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Lake Street Capital increased their target price on shares of LightPath Technologies from $3.00 to $4.00 and gave the company a “buy” rating in a research note on Friday, December 27th. LADENBURG THALM/SH SH increased their target price on shares of LightPath Technologies from $3.00 to $5.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Finally, StockNews.com downgraded shares of LightPath Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, January 4th.

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.