LightPath Technologies (NASDAQ:LPTH) Announces Quarterly 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 for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02), Zacks reports. The business had revenue of $8.63 million during the quarter, compared to analysts’ expectations of $8.25 million. LightPath Technologies had a negative return on equity of 18.97% and a negative net margin of 19.72%. During the same period last year, the firm posted ($0.02) EPS.

LightPath Technologies Price Performance

NASDAQ LPTH opened at $1.26 on Friday. LightPath Technologies has a 52 week low of $1.04 and a 52 week high of $1.77. The firm 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 50-day moving average price of $1.30 and a 200-day moving average price of $1.35. The company has a quick ratio of 1.13, a current ratio of 2.01 and a debt-to-equity ratio of 0.03.

Wall Street Analysts Forecast Growth

LPTH has been the subject of several research reports. HC Wainwright reissued a “buy” rating and set a $3.00 price objective on shares of LightPath Technologies in a report on Friday. StockNews.com assumed coverage on shares of LightPath Technologies in a research note on Friday. They set 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.