LightPath Technologies (LPTH) Releases Earnings Results, Misses Expectations By $0.01 EPS

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

Shares of NASDAQ:LPTH traded down $0.04 during trading on Friday, reaching $1.85. 146,259 shares of the company traded hands, compared to its average volume of 87,377. The company has a market cap of $48.97 million, a price-to-earnings ratio of 38.00, a PEG ratio of 2.00 and a beta of -0.74. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.27 and a current ratio of 3.39. LightPath Technologies has a 52 week low of $1.65 and a 52 week high of $3.40.

A number of research firms have recently weighed in on LPTH. Zacks Investment Research upgraded LightPath Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, July 24th. Roth Capital set a $3.00 target price on LightPath Technologies and gave the company a “buy” rating in a research report on Wednesday, August 15th. Finally, Dougherty & Co downgraded LightPath Technologies from a “buy” rating to a “neutral” rating in a research report on Friday, September 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. 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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