LightPath Technologies (NASDAQ:LPTH) released its quarterly earnings results on Thursday. The technology company reported $0.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.01, MarketWatch Earnings reports. LightPath Technologies had a negative return on equity of 4.67% and a negative net margin of 4.48%.
Shares of LPTH stock opened at $2.35 on Friday. The stock has a market capitalization of $60.78 million, a P/E ratio of 78.33 and a beta of 1.05. LightPath Technologies has a fifty-two week low of $0.54 and a fifty-two week high of $4.87. The company has a quick ratio of 1.88, a current ratio of 3.23 and a debt-to-equity ratio of 0.18. The stock has a 50-day simple moving average of $2.98 and a 200 day simple moving average of $2.30.
LPTH has been the subject of several recent analyst reports. ValuEngine cut LightPath Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, July 2nd. B. Riley increased their price target on LightPath Technologies from $3.25 to $3.75 and gave the stock a “buy” rating in a research note on Friday. Finally, Zacks Investment Research cut LightPath Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 9th.
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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