LightPath Technologies (NASDAQ:LPTH) Releases Earnings Results, Misses Expectations By $0.02 EPS

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

LightPath Technologies Trading Down 0.8 %

LPTH opened at $1.26 on Friday. The company has a market cap of $48.90 million, a P/E ratio of -7.00 and a beta of 1.31. The company has a current ratio of 2.01, a quick ratio of 1.13 and a debt-to-equity ratio of 0.03. The company’s 50 day moving average is $1.30 and its 200-day moving average is $1.35. LightPath Technologies has a 1-year low of $1.04 and a 1-year high of $1.77.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LPTH. HC Wainwright reaffirmed a “buy” rating and set a $3.00 price target on shares of LightPath Technologies in a report on Friday. StockNews.com started coverage on LightPath Technologies in a research note on Friday. They issued a “hold” rating on the stock.

LightPath Technologies Company Profile

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.