StockNews.com initiated coverage on shares of LightPath Technologies (NASDAQ:LPTH – Free Report) in a research report released on Friday. The firm issued a hold rating on the technology company’s stock.
LightPath Technologies Stock Down 4.0 %
LPTH stock opened at $1.21 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.01 and a quick ratio of 1.13. LightPath Technologies has a 52-week low of $1.04 and a 52-week high of $1.77. The company has a 50-day moving average of $1.30 and a two-hundred day moving average of $1.35. The stock has a market capitalization of $46.96 million, a price-to-earnings ratio of -6.72 and a beta of 1.31.
LightPath Technologies (NASDAQ:LPTH – Get Free Report) last issued its earnings results on Thursday, September 19th. The technology company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.02). LightPath Technologies had a negative net margin of 19.72% and a negative return on equity of 18.97%. The business had revenue of $8.63 million for the quarter, compared to analyst estimates of $8.25 million. During the same quarter last year, the firm posted ($0.02) earnings per share. As a group, equities research analysts anticipate that LightPath Technologies will post -0.2 EPS for the current year.
Institutional Trading of LightPath Technologies
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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