Zacks: LightPath Technologies, Inc. (LPTH) Given Consensus Recommendation of “Buy” by Analysts
Shares of LightPath Technologies, Inc. (NASDAQ:LPTH) have received a consensus broker rating score of 1.50 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company.
Brokers have set a 1-year consensus price objective of $3.18 for the company and are expecting that the company will post $0.01 EPS for the current quarter, according to Zacks. Zacks has also given LightPath Technologies an industry rank of 206 out of 265 based on the ratings given to related companies.
A number of brokerages have recently weighed in on LPTH. Zacks Investment Research cut LightPath Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Dougherty & Co reiterated a “buy” rating and set a $3.10 price target on shares of LightPath Technologies in a research report on Friday, October 6th.
Shares of LightPath Technologies (LPTH) traded up $0.02 during trading on Thursday, hitting $2.33. The stock had a trading volume of 136,900 shares, compared to its average volume of 337,589. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.18 and a quick ratio of 2.29. The firm has a market cap of $56.69, a PE ratio of 7.28, a price-to-earnings-growth ratio of 1.48 and a beta of -0.66. LightPath Technologies has a fifty-two week low of $1.65 and a fifty-two week high of $4.10.
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LightPath Technologies Company Profile
LightPath Technologies, Inc is a manufacturer and integrator of families of precision molded aspheric optics, fiber-optic collimator, GRADIUM glass lenses and other optical materials used to produce products that manipulate light. The Company designs, develops, manufactures and distributes optical components and assemblies utilizing the optical processes and manufacturing technologies.
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