LightPath Technologies (NASDAQ:LPTH - Get Free Report) posted its quarterly earnings data on Thursday. The technology company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.03), Zacks reports. The company had revenue of $7.43 million for the quarter, compared to analyst estimates of $8.28 million. LightPath Technologies had a negative net margin of 25.86% and a negative return on equity of 26.51%.
LightPath Technologies Stock Down 7.4 %
Shares of NASDAQ:LPTH traded down $0.21 during midday trading on Monday, reaching $2.64. The company had a trading volume of 580,867 shares, compared to its average volume of 263,089. The stock has a market capitalization of $104.73 million, a P/E ratio of -12.00 and a beta of 1.01. The stock's fifty day moving average price is $3.10 and its 200-day moving average price is $2.04. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.73 and a quick ratio of 1.03. LightPath Technologies has a one year low of $1.04 and a one year high of $4.42.
Analysts Set New Price Targets
LPTH has been the topic of several research reports. StockNews.com lowered LightPath Technologies from a "hold" rating to a "sell" rating in a research report on Saturday, January 4th. Lake Street Capital lifted their price objective on shares of LightPath Technologies from $3.00 to $4.00 and gave the company a "buy" rating in a research note on Friday, December 27th. HC Wainwright upped their target price on shares of LightPath Technologies from $3.00 to $5.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. Finally, LADENBURG THALM/SH SH lifted their price target on shares of LightPath Technologies from $3.00 to $5.00 and gave the stock a "buy" rating in a research note on Thursday, January 2nd.
Check Out Our Latest Report on LPTH
LightPath Technologies Company Profile
(
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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.
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