LightPath Technologies (NASDAQ:LPTH) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS

LightPath Technologies (NASDAQ:LPTH) announced its quarterly earnings data on Thursday. The technology company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.02), Zacks reports. The firm had revenue of $8.63 million during the quarter, compared to analysts’ expectations of $8.25 million. LightPath Technologies had a negative return on equity of 18.97% and a negative net margin of 19.72%. During the same period last year, the business posted ($0.02) EPS.

LightPath Technologies Stock Down 0.8 %

LPTH opened at $1.26 on Friday. The firm has a market capitalization of $48.90 million, a P/E ratio of -7.00 and a beta of 1.31. LightPath Technologies has a one year low of $1.04 and a one year high of $1.77. The company has a fifty day moving average price of $1.30 and a 200-day moving average price of $1.35. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.01 and a quick ratio of 1.13.

Analyst Ratings Changes

Several research firms have recently issued reports on LPTH. HC Wainwright reissued a “buy” rating and issued a $3.00 price target on shares of LightPath Technologies in a research report on Friday. StockNews.com initiated coverage on LightPath Technologies in a report on Friday. They issued a “hold” rating for the company.

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.