Shares of LightPath Technologies, Inc. (NASDAQ:LPTH) have been given an average broker rating score of 1.67 (Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and two have assigned a strong buy rating to the company. LightPath Technologies’ rating score has declined by 25.6% from three months ago as a result of various analysts’ upgrades and downgrades.
Brokers have set a 1 year consensus price target of $2.75 for the company, according to Zacks. Zacks has also assigned LightPath Technologies an industry rank of 99 out of 257 based on the ratings given to its competitors.
A number of analysts recently weighed in on LPTH shares. Roth Capital set a $3.00 price objective on LightPath Technologies and gave the company a “buy” rating in a report on Wednesday, August 15th. Zacks Investment Research downgraded LightPath Technologies from a “hold” rating to a “strong sell” rating in a report on Thursday, October 11th. Finally, Dougherty & Co downgraded LightPath Technologies from a “buy” rating to a “neutral” rating in a report on Friday, September 14th.
Shares of NASDAQ:LPTH traded down $0.06 during trading on Wednesday, hitting $1.79. 1,300 shares of the company were exchanged, compared to its average volume of 56,546. The company has a market capitalization of $47.70 million, a PE ratio of 45.00, a price-to-earnings-growth ratio of 5.29 and a beta of -0.74. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.25 and a current ratio of 3.44. LightPath Technologies has a 1-year low of $1.65 and a 1-year high of $2.75.
LightPath Technologies (NASDAQ:LPTH) last posted its quarterly earnings data on Thursday, November 8th. The technology company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.01). The company had revenue of $8.55 million during the quarter, compared to analyst estimates of $8.09 million. LightPath Technologies had a net margin of 0.77% and a return on equity of 1.45%. On average, equities analysts forecast that LightPath Technologies will post 0.02 EPS for the current fiscal year.
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 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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