LightPath Technologies (NASDAQ:LPTH) posted its earnings results on Thursday. The technology company reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.04), Fidelity Earnings reports. LightPath Technologies had a negative net margin of 7.94% and a negative return on equity of 7.73%. The firm had revenue of $7.55 million for the quarter, compared to analysts’ expectations of $8.75 million.
Shares of NASDAQ LPTH traded down $0.05 during midday trading on Friday, reaching $0.65. The company had a trading volume of 294,500 shares, compared to its average volume of 100,838. The company has a current ratio of 3.09, a quick ratio of 1.88 and a debt-to-equity ratio of 0.17. The stock has a market cap of $18.41 million, a P/E ratio of -9.29 and a beta of 0.08. LightPath Technologies has a 1 year low of $0.58 and a 1 year high of $1.95. The business’s 50-day simple moving average is $0.75 and its 200 day simple moving average is $0.90.
A number of equities research analysts recently commented on the stock. Zacks Investment Research cut shares of LightPath Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, September 7th. B. Riley cut shares of LightPath Technologies from a “buy” rating to a “neutral” rating and set a $0.75 target price for the company. in a research report on Friday. Finally, ValuEngine cut shares of LightPath Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, October 5th.
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 materials used to produce products that manipulate light. Its products are used in various industries, including defense products, medical devices, laser aided industrial tools, automotive safety applications, barcode scanners, optical data storage, hybrid fiber coax datacom, telecommunications, machine vision and sensors, and other industries.
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