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

LightPath Technologies (NASDAQ:LPTH) released its quarterly earnings data on Thursday. The technology company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.03), Zacks reports. LightPath Technologies had a negative net margin of 25.86% and a negative return on equity of 26.51%.

LightPath Technologies Stock Down 1.7 %

Shares of LPTH stock traded down $0.05 on Friday, hitting $2.80. The stock had a trading volume of 208,211 shares, compared to its average volume of 415,770. LightPath Technologies has a 52-week low of $1.04 and a 52-week high of $4.42. The firm has a market capitalization of $111.14 million, a price-to-earnings ratio of -12.73 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.03 and a current ratio of 1.73. The stock’s 50 day moving average is $3.08 and its 200-day moving average is $2.02.

Analysts Set New Price Targets

A number of research analysts have weighed in on LPTH shares. StockNews.com cut shares of LightPath Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, January 4th. LADENBURG THALM/SH SH upped their price target on shares of LightPath Technologies from $3.00 to $5.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Lake Street Capital increased their price target on LightPath Technologies from $3.00 to $4.00 and gave the company a “buy” rating in a report on Friday, December 27th. Finally, HC Wainwright boosted their price objective on LightPath Technologies from $3.00 to $5.00 and gave the stock a “buy” rating in a research note 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.