LightPath Technologies (NASDAQ:LPTH) Posts Quarterly 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 Price Performance

Shares of LPTH traded down $0.77 during mid-day trading on Thursday, reaching $2.75. The stock had a trading volume of 1,605,316 shares, compared to its average volume of 409,472. The firm has a market cap of $108.89 million, a price-to-earnings ratio of -12.50 and a beta of 1.01. LightPath Technologies has a 12 month low of $1.04 and a 12 month high of $4.42. The business has a fifty day moving average of $3.06 and a 200 day moving average of $2.01. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.03 and a current ratio of 1.73.

Analyst Ratings Changes

Several research analysts have recently weighed in on LPTH shares. LADENBURG THALM/SH SH boosted their price objective on shares of LightPath Technologies from $3.00 to $5.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Lake Street Capital boosted their target price on shares of LightPath Technologies from $3.00 to $4.00 and gave the company a “buy” rating in a research report on Friday, December 27th. HC Wainwright boosted their target price on shares of LightPath Technologies from $3.00 to $5.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Finally, StockNews.com lowered shares of LightPath Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, January 4th.

About LightPath Technologies

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.