Analysts Set $3.18 Price Target for LightPath Technologies, Inc. (LPTH)
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 equities research analyst has rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company.
Analysts have set a twelve-month consensus price target of $3.18 for the company and are forecasting that the company will post $0.01 earnings per share for the current quarter, according to Zacks. Zacks has also given LightPath Technologies an industry rank of 205 out of 265 based on the ratings given to related companies.
LPTH has been the topic of several recent research reports. Dougherty & Co restated a “buy” rating and issued a $3.10 price objective on shares of LightPath Technologies in a report on Friday, October 6th. Zacks Investment Research upgraded LightPath Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, November 14th.
Shares of LightPath Technologies (LPTH) traded up $0.09 during trading on Monday, reaching $2.42. The company had a trading volume of 358,101 shares, compared to its average volume of 340,144. The firm has a market cap of $59.39, a P/E ratio of 7.56, a PEG ratio of 1.54 and a beta of -0.66. LightPath Technologies has a twelve month low of $1.65 and a twelve month high of $4.10. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.18 and a quick ratio of 2.29.
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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