LightPath Technologies (NASDAQ:LPTH) Announces Earnings Results

LightPath Technologies (NASDAQ:LPTH) posted its earnings results on Thursday. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.03), Zacks reports. LightPath Technologies had a negative return on equity of 26.51% and a negative net margin of 25.86%.

LightPath Technologies Stock Performance

Shares of LightPath Technologies stock traded down $0.76 on Thursday, reaching $2.75. 1,501,478 shares of the company traded hands, compared to its average volume of 405,505. The company has a 50 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 current ratio of 1.73 and a quick ratio of 1.03. LightPath Technologies has a 52 week low of $1.04 and a 52 week high of $4.42. The firm has a market capitalization of $109.09 million, a PE ratio of -12.50 and a beta of 1.01.

Analyst Upgrades and Downgrades

LPTH has been the topic of several analyst reports. Lake Street Capital boosted their price target on shares of LightPath Technologies from $3.00 to $4.00 and gave the stock a “buy” rating in a report on Friday, December 27th. StockNews.com downgraded LightPath Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, January 4th. LADENBURG THALM/SH SH increased their price target on LightPath Technologies from $3.00 to $5.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Finally, HC Wainwright boosted 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.