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

LightPath Technologies (NASDAQ:LPTH) 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 company had revenue of $8.63 million for the quarter, compared to analysts’ expectations of $8.25 million. LightPath Technologies had a negative net margin of 19.72% and a negative return on equity of 18.97%. During the same period in the prior year, the firm posted ($0.02) earnings per share.

LightPath Technologies Stock Down 0.8 %

Shares of LPTH stock traded down $0.01 on Friday, hitting $1.26. The stock had a trading volume of 116,566 shares, compared to its average volume of 51,562. The company has a quick ratio of 1.13, a current ratio of 2.01 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average price of $1.30 and a 200 day moving average price of $1.35. The company has a market cap of $48.90 million, a PE ratio of -7.00 and a beta of 1.31. LightPath Technologies has a one year low of $1.04 and a one year high of $1.77.

Wall Street Analysts Forecast Growth

LPTH has been the subject of a number of recent analyst reports. HC Wainwright reissued a “buy” rating and set a $3.00 target price on shares of LightPath Technologies in a research note on Friday. StockNews.com began coverage on LightPath Technologies in a report on Friday. They issued a “hold” rating for the company.

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.