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

LightPath Technologies (NASDAQ:LPTH) posted its quarterly earnings results on Thursday. The technology company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02), Zacks reports. LightPath Technologies had a negative return on equity of 18.97% and a negative net margin of 19.72%. The company had revenue of $8.63 million for the quarter, compared to analyst estimates of $8.25 million. During the same quarter in the prior year, the business posted ($0.02) earnings per share.

LightPath Technologies Trading Down 0.8 %

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 stock’s 50 day moving average is $1.30 and its 200-day moving average is $1.35. LightPath Technologies has a 52 week low of $1.04 and a 52 week high of $1.77. The stock has a market cap of $48.90 million, a price-to-earnings ratio of -7.00 and a beta of 1.31. The company has a quick ratio of 1.13, a current ratio of 2.01 and a debt-to-equity ratio of 0.03.

Analyst Ratings Changes

Several brokerages have commented on LPTH. HC Wainwright reiterated a “buy” rating and set a $3.00 price target on shares of LightPath Technologies in a report on Friday. StockNews.com started 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.