StockNews.com started coverage on shares of LightPath Technologies (NASDAQ:LPTH – Free Report) in a research note released on Friday morning. The firm issued a hold rating on the technology company’s stock.
LightPath Technologies Stock Performance
Shares of LPTH opened at $1.26 on Friday. LightPath Technologies has a 1 year low of $1.04 and a 1 year high of $1.77. The company’s 50 day simple moving average is $1.30 and its 200 day simple moving average is $1.35. The company has a market capitalization of $48.90 million, a price-to-earnings ratio of -7.00 and a beta of 1.31. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.13 and a current ratio of 2.01.
LightPath Technologies (NASDAQ:LPTH – Get Free Report) last issued its quarterly earnings results on Thursday, September 19th. The technology company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). The business had revenue of $8.63 million for 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 in the prior year, the company earned ($0.02) EPS. On average, sell-side analysts predict that LightPath Technologies will post -0.2 EPS for the current year.
Institutional Inflows and Outflows
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.
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