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

LightPath Technologies (NASDAQ:LPTH) released 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 firm had revenue of $8.63 million during the quarter, compared to analysts’ expectations of $8.25 million. During the same quarter in the previous year, the firm posted ($0.02) EPS.

LightPath Technologies Price Performance

NASDAQ LPTH traded down $0.01 on Friday, reaching $1.26. The company 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 stock has a market capitalization of $48.90 million, a PE ratio of -7.00 and a beta of 1.31. LightPath Technologies has a 12 month low of $1.04 and a 12 month high of $1.77. The firm’s 50 day moving average price is $1.30 and its 200 day moving average price is $1.35.

Analyst Upgrades and Downgrades

Several analysts recently commented on LPTH shares. HC Wainwright reissued a “buy” rating and set a $3.00 price objective on shares of LightPath Technologies in a research report on Friday. StockNews.com began coverage on LightPath Technologies in a research report on Friday. They issued a “hold” rating for the company.

LightPath Technologies Company Profile

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.