LightPath Technologies (LPTH) Set to Announce Quarterly Earnings on Thursday

LightPath Technologies (NASDAQ:LPTH) is set to announce its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of ($0.05) per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

LightPath Technologies (NASDAQ:LPTH) last issued its quarterly 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). LightPath Technologies had a negative return on equity of 24.55% and a negative net margin of 25.24%. The business had revenue of $8.63 million for the quarter, compared to analysts’ expectations of $8.25 million. During the same period in the prior year, the company earned ($0.02) EPS.

LightPath Technologies Trading Up 3.3 %

Shares of LightPath Technologies stock opened at $1.58 on Thursday. LightPath Technologies has a fifty-two week low of $1.04 and a fifty-two week high of $1.74. The firm has a market cap of $61.32 million, a PE ratio of -8.78 and a beta of 1.31. The business’s fifty day moving average is $1.40 and its two-hundred day moving average is $1.36. The company has a quick ratio of 1.12, a current ratio of 1.93 and a debt-to-equity ratio of 0.03.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on LPTH shares. HC Wainwright reissued a “buy” rating and set a $3.00 price target on shares of LightPath Technologies in a research note on Friday, September 20th. StockNews.com started coverage on LightPath Technologies in a research note on Wednesday. They set a “hold” rating on the stock.

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.