LightPath Technologies (NASDAQ:LPTH) Announces Quarterly Earnings Results

LightPath Technologies (NASDAQ:LPTH) announced its quarterly earnings data on Thursday. The technology company reported ($0.07) earnings per share for the quarter, missing the consensus estimate 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%. The firm had revenue of $7.43 million for the quarter, compared to the consensus estimate of $8.28 million.

LightPath Technologies Stock Performance

Shares of LightPath Technologies stock traded down $0.21 during trading hours on Friday, reaching $2.64. The company had a trading volume of 580,867 shares, compared to its average volume of 263,089. LightPath Technologies has a one year low of $1.04 and a one year high of $4.42. The business has a fifty day simple moving average of $3.10 and a 200 day simple moving average of $2.03. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.73 and a quick ratio of 1.03. The firm has a market cap of $104.73 million, a PE ratio of -12.00 and a beta of 1.01.

Analyst Ratings Changes

Several brokerages have weighed in on LPTH. LADENBURG THALM/SH SH increased their price objective on LightPath Technologies from $3.00 to $5.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. StockNews.com lowered LightPath Technologies from a “hold” rating to a “sell” rating in a report on Saturday, January 4th. Lake Street Capital increased their price objective on LightPath Technologies from $3.00 to $4.00 and gave the company a “buy” rating in a report on Friday, December 27th. Finally, HC Wainwright increased their price objective on LightPath Technologies from $3.00 to $5.00 and gave the company a “buy” rating in a report on Friday, January 3rd.

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.