LightPath Technologies (LPTH) Reaches New 52-Week Low at $1.58

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Shares of LightPath Technologies, Inc. (NASDAQ:LPTH) hit a new 52-week low during trading on Thursday . The company traded as low as $1.58 and last traded at $1.69, with a volume of 1307 shares. The stock had previously closed at $1.78.

A number of analysts recently commented on LPTH shares. Dougherty & Co lowered LightPath Technologies from a “buy” rating to a “neutral” rating in a research note on Friday, September 14th. Roth Capital set a $3.00 price target on LightPath Technologies and gave the stock a “buy” rating in a research note on Wednesday, August 15th. Finally, Zacks Investment Research lowered LightPath Technologies from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. LightPath Technologies has a consensus rating of “Hold” and a consensus price target of $2.83.

The company has a market capitalization of $42.54 million, a P/E ratio of 40.75, a price-to-earnings-growth ratio of 4.71 and a beta of -0.76. The company has a quick ratio of 2.25, a current ratio of 3.44 and a debt-to-equity ratio of 0.15.

LightPath Technologies (NASDAQ:LPTH) last announced its quarterly earnings results on Thursday, November 8th. The technology company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). LightPath Technologies had a return on equity of 1.45% and a net margin of 0.77%. The business had revenue of $8.55 million during the quarter, compared to analysts’ expectations of $8.09 million. On average, analysts predict that LightPath Technologies, Inc. will post 0.02 earnings per share for the current fiscal year.

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LightPath Technologies Company Profile (NASDAQ:LPTH)

LightPath Technologies, Inc designs, develops, manufactures, and distributes optical and infrared components. Its products include molded glass and assemblies; infrared molded lenses, diamond turned, conventional ground and polished ground lenses and assemblies; and Gradium lenses. It supports a range of customers in the field of industrial, laser, defense, medical, telecommunications, and instrumentation.

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