StockNews.com assumed coverage on shares of LightPath Technologies (NASDAQ:LPTH – Free Report) in a research report sent to investors on Friday morning. The brokerage issued a hold rating on the technology company’s stock.
LightPath Technologies Price Performance
Shares of NASDAQ:LPTH opened at $1.26 on Friday. The company has a market capitalization of $48.90 million, a P/E ratio of -7.00 and a beta of 1.31. The company’s 50-day moving average is $1.30 and its 200 day moving average is $1.35. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.13 and a current ratio of 2.01. LightPath Technologies has a fifty-two week low of $1.04 and a fifty-two week high of $1.77.
LightPath Technologies (NASDAQ:LPTH – Get Free Report) last released its earnings results on Thursday, September 19th. The technology company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). The company had revenue of $8.63 million for the quarter, compared to the consensus estimate of $8.25 million. LightPath Technologies had a negative net margin of 19.72% and a negative return on equity of 18.97%. During the same period in the prior year, the company earned ($0.02) earnings per share. On average, equities research analysts forecast that LightPath Technologies will post -0.2 earnings per share for the current year.
Institutional Inflows and Outflows
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.
Featured Articles
- Five stocks we like better than LightPath Technologies
- How to Know if a Stock Pays Dividends and When They Are Paid Out
- 3 Stocks That Could Rise on European Bank Interest Rate Cuts
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- Take Advantage of Village Farms Stock as Cannabis Market Evolves
- Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time
- MarketBeat Week in Review – 9/16 – 9/20
Receive News & Ratings for LightPath Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LightPath Technologies and related companies with MarketBeat.com's FREE daily email newsletter.