LightPath Technologies (NASDAQ:LPTH) Issues Earnings Results, Misses Expectations By $0.03 EPS

LightPath Technologies (NASDAQ:LPTH) posted its earnings results 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 Trading Down 1.7 %

Shares of LPTH stock traded down $0.05 during mid-day trading on Friday, hitting $2.80. 208,211 shares of the company’s stock were exchanged, compared to its average volume of 415,770. The stock has a market cap of $111.14 million, a price-to-earnings ratio of -12.73 and a beta of 1.01. The company has a quick ratio of 1.03, a current ratio of 1.73 and a debt-to-equity ratio of 0.03. LightPath Technologies has a fifty-two week low of $1.04 and a fifty-two week high of $4.42. The stock has a 50-day simple moving average of $3.08 and a two-hundred day simple moving average of $2.02.

Analyst Upgrades and Downgrades

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

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.