LightPath Technologies (NASDAQ:LPTH) announced its quarterly earnings results on Thursday. The technology company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04), Fidelity Earnings reports. LightPath Technologies had a negative net margin of 7.94% and a negative return on equity of 7.73%. The company had revenue of $7.55 million for the quarter, compared to analyst estimates of $8.75 million.
LightPath Technologies stock traded down $0.05 during mid-day trading on Friday, reaching $0.65. 294,500 shares of the company’s stock were exchanged, compared to its average volume of 100,838. The company has a quick ratio of 1.88, a current ratio of 3.09 and a debt-to-equity ratio of 0.17. LightPath Technologies has a twelve month low of $0.58 and a twelve month high of $1.95. The company has a fifty day moving average of $0.75 and a 200-day moving average of $0.90. The company has a market cap of $18.41 million, a P/E ratio of -9.29 and a beta of 0.08.
A number of brokerages have weighed in on LPTH. ValuEngine cut shares of LightPath Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, October 5th. B. Riley cut shares of LightPath Technologies from a “buy” rating to a “neutral” rating and set a $0.75 price target for the company. in a research report on Friday. Finally, Zacks Investment Research cut shares of LightPath Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, September 7th.
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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