Equities researchers at StockNews.com began coverage on shares of LightPath Technologies (NASDAQ:LPTH – Get Rating) in a research note issued to investors on Friday. The brokerage set a “hold” rating on the technology company’s stock.
LightPath Technologies Stock Performance
Shares of LPTH opened at $1.17 on Friday. LightPath Technologies has a 1 year low of $1.07 and a 1 year high of $2.87. The company has a market cap of $31.67 million, a price-to-earnings ratio of -9.00 and a beta of 1.65. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.45 and a current ratio of 2.35. The firm has a fifty day moving average of $1.56 and a 200-day moving average of $1.61.
LightPath Technologies (NASDAQ:LPTH – Get Rating) last announced its quarterly earnings results on Wednesday, September 14th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03). LightPath Technologies had a negative net margin of 9.96% and a negative return on equity of 11.19%. During the same quarter last year, the company posted ($0.11) EPS. As a group, equities analysts anticipate that LightPath Technologies will post -0.01 earnings per share for the current year.
Institutional Investors Weigh In On LightPath Technologies
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. Its products are used in 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.
- Get a free copy of the StockNews.com research report on LightPath Technologies (LPTH)
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