Shares of LightPath Technologies, Inc. (NASDAQ:LPTH) have earned a consensus broker rating score of 1.50 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a buy rating and one has given a strong buy rating to the company.
Brokers have set a 1-year consensus target price 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 157 out of 265 based on the ratings given to related companies.
LPTH has been the topic of several research analyst reports. Zacks Investment Research cut LightPath Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. Dougherty & Co reaffirmed a “buy” rating and set a $3.10 target price on shares of LightPath Technologies in a research note on Friday, October 6th.
LightPath Technologies (NASDAQ:LPTH) traded down $0.01 during midday trading on Friday, reaching $2.47. The company’s stock had a trading volume of 297,984 shares, compared to its average volume of 346,115. The company has a current ratio of 3.18, a quick ratio of 2.29 and a debt-to-equity ratio of 0.32. The firm has a market cap of $60.37, a P/E ratio of 7.72, a PEG ratio of 1.50 and a beta of -0.66. LightPath Technologies has a 12-month low of $1.65 and a 12-month high of $4.10.
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About LightPath Technologies
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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