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

by · The Markets Daily

LightPath Technologies (NASDAQ:LPTH – Get Free Report) posted its quarterly earnings data 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 period in the prior year, the firm earned ($0.02) EPS.

LightPath Technologies Stock Performance

Shares of LPTH stock traded down $0.01 during trading on Friday, reaching $1.26. 116,566 shares of the company’s stock traded hands, compared to its average volume of 51,562. LightPath Technologies has a 1 year low of $1.04 and a 1 year high of $1.77. The company has a market capitalization of $48.90 million, a P/E ratio of -7.00 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 firm’s 50-day moving average is $1.30 and its 200 day moving average is $1.35.

Wall Street Analysts Forecast Growth

LPTH has been the topic of several research reports. HC Wainwright reaffirmed a “buy” rating and set a $3.00 price target on shares of LightPath Technologies in a report on Friday. StockNews.com started coverage on shares of LightPath Technologies in a research note on Friday. They issued a “hold” rating on the stock.

Check Out Our Latest Stock Report on LightPath Technologies

About LightPath Technologies

(Get Free Report)

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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