LightPath Technologies (NASDAQ:LPTH) Issues Quarterly Earnings Results, Misses Estimates By $0.03 EPS

LightPath Technologies (NASDAQ:LPTH) posted its quarterly earnings results on Thursday. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.03), Zacks reports. LightPath Technologies had a negative return on equity of 26.51% and a negative net margin of 25.86%.

LightPath Technologies Price Performance

LPTH opened at $2.64 on Friday. LightPath Technologies has a one year low of $1.04 and a one year high of $4.42. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.73 and a quick ratio of 1.03. The company’s 50 day simple moving average is $3.10 and its 200-day simple moving average is $2.03.

Analysts Set New Price Targets

Several research analysts recently issued reports on LPTH shares. HC Wainwright increased their price target on shares of LightPath Technologies from $3.00 to $5.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. StockNews.com cut shares of LightPath Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, January 4th. LADENBURG THALM/SH SH upped their price objective on shares of LightPath Technologies from $3.00 to $5.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Finally, Lake Street Capital upped their price objective on shares of LightPath Technologies from $3.00 to $4.00 and gave the stock a “buy” rating in a research note on Friday, December 27th.

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.