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

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

LightPath Technologies Price Performance

LPTH opened at $2.64 on Friday. The firm’s fifty day moving average is $3.10 and its two-hundred day moving average is $2.03. The company has a current ratio of 1.73, a quick ratio of 1.03 and a debt-to-equity ratio of 0.03. LightPath Technologies has a twelve month low of $1.04 and a twelve month high of $4.42.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LPTH. LADENBURG THALM/SH SH increased their price objective on shares of LightPath Technologies from $3.00 to $5.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. StockNews.com lowered shares of LightPath Technologies from a “hold” rating to a “sell” rating in a report on Saturday, January 4th. HC Wainwright increased their price objective on shares of LightPath Technologies from $3.00 to $5.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Finally, Lake Street Capital increased their price objective on shares of LightPath Technologies from $3.00 to $4.00 and gave the company a “buy” rating in a report 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.