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

LightPath Technologies (NASDAQ:LPTH) issued its earnings results on Thursday. The technology company reported ($0.06) 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 business had revenue of $8.63 million for the quarter, compared to the consensus estimate of $8.25 million. During the same quarter in the prior year, the firm posted ($0.02) earnings per share.

LightPath Technologies Price Performance

NASDAQ:LPTH opened at $1.26 on Friday. LightPath Technologies has a 52 week low of $1.04 and a 52 week high of $1.77. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.13 and a current ratio of 2.01. The firm’s 50-day simple moving average is $1.30 and its 200 day simple moving average is $1.35. The firm has a market cap of $48.90 million, a price-to-earnings ratio of -7.00 and a beta of 1.31.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on LPTH shares. HC Wainwright reissued a “buy” rating and issued a $3.00 price objective on shares of LightPath Technologies in a research report on Friday. StockNews.com initiated coverage on shares of LightPath Technologies in a report 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.