LightPath Technologies (LPTH) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

LightPath Technologies (NASDAQ:LPTH) issued its earnings results on Thursday. The technology company reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.01), Fidelity Earnings reports. LightPath Technologies had a return on equity of 3.75% and a net margin of 3.26%. The business had revenue of $8.55 million for the quarter, compared to the consensus estimate of $8.09 million.

LPTH traded down $0.04 during trading on Friday, hitting $1.85. The stock had a trading volume of 146,259 shares, compared to its average volume of 87,377. The company has a market capitalization of $48.97 million, a PE ratio of 38.00, a price-to-earnings-growth ratio of 2.00 and a beta of -0.74. LightPath Technologies has a one year low of $1.65 and a one year high of $3.40. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.39 and a quick ratio of 2.27.

Several research analysts have recently commented on LPTH shares. Zacks Investment Research upgraded LightPath Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, July 24th. Roth Capital set a $3.00 target price on LightPath Technologies and gave the stock a “buy” rating in a research note on Wednesday, August 15th. Finally, Dougherty & Co downgraded LightPath Technologies from a “buy” rating to a “neutral” rating in a research note on Friday, September 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. LightPath Technologies has an average rating of “Hold” and a consensus price target of $2.83.

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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 materials used to produce products that manipulate light. Its products are used in various industries, including defense products, medical devices, laser aided industrial tools, automotive safety applications, barcode scanners, optical data storage, hybrid fiber coax datacom, telecommunications, machine vision and sensors, and other industries.

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Earnings History for LightPath Technologies (NASDAQ:LPTH)

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