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

LightPath Technologies (NASDAQ:LPTH) issued its quarterly earnings data 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 return on equity of 26.51% and a negative net margin of 25.86%. The business had revenue of $7.43 million during the quarter, compared to analysts’ expectations of $8.28 million.

LightPath Technologies Price Performance

NASDAQ LPTH traded down $0.21 during trading hours on Friday, reaching $2.64. 580,867 shares of the stock traded hands, compared to its average volume of 263,089. The stock has a 50 day simple moving average of $3.10 and a two-hundred day simple moving average of $2.03. LightPath Technologies has a 1 year low of $1.04 and a 1 year high of $4.42. 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 company has a market cap of $104.73 million, a price-to-earnings ratio of -12.00 and a beta of 1.01.

Analyst Ratings Changes

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

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.