Equities research analysts at StockNews.com initiated coverage on shares of LightPath Technologies (NASDAQ:LPTH – Get Free Report) in a note issued to investors on Friday. The firm set a “hold” rating on the technology company’s stock.
LightPath Technologies Price Performance
Shares of LightPath Technologies stock opened at $1.26 on Friday. 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 debt-to-equity ratio of 0.03, a quick ratio of 1.13 and a current ratio of 2.01. The stock has a 50 day moving average price of $1.30 and a 200-day moving average price of $1.35. LightPath Technologies has a one year low of $1.04 and a one year high of $1.77.
LightPath Technologies (NASDAQ:LPTH – Get Free Report) last posted its quarterly earnings data on Thursday, September 19th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). LightPath Technologies had a negative net margin of 19.72% and a negative return on equity of 18.97%. The business had revenue of $8.63 million for the quarter, compared to analysts’ expectations of $8.25 million. During the same quarter in the previous year, the firm earned ($0.02) EPS. Equities analysts expect that LightPath Technologies will post -0.2 EPS for the current year.
Hedge Funds Weigh In On LightPath Technologies
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.
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