LightPath Technologies, Inc. (NASDAQ:LPTH) shares hit a new 52-week low during trading on Thursday . The company traded as low as $1.58 and last traded at $1.69, with a volume of 1307 shares trading hands. The stock had previously closed at $1.78.
A number of brokerages have commented on LPTH. Dougherty & Co cut shares of LightPath Technologies from a “buy” rating to a “neutral” rating in a research report on Friday, September 14th. Zacks Investment Research cut shares of LightPath Technologies from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 11th. Finally, Roth Capital set a $3.00 price target on shares of LightPath Technologies and gave the company a “buy” rating in a research report on Wednesday, August 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $2.83.
The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.25 and a current ratio of 3.44. The stock has a market cap of $42.54 million, a P/E ratio of 40.75, a P/E/G ratio of 4.71 and a beta of -0.76.
LightPath Technologies (NASDAQ:LPTH) last issued its quarterly earnings results on Thursday, November 8th. The technology company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). LightPath Technologies had a net margin of 0.77% and a return on equity of 1.45%. The business had revenue of $8.55 million for the quarter, compared to the consensus estimate of $8.09 million. Equities analysts expect that LightPath Technologies, Inc. will post 0.02 EPS for the current fiscal year.
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About LightPath Technologies (NASDAQ:LPTH)
LightPath Technologies, Inc designs, develops, manufactures, and distributes optical and infrared components. Its products include molded glass and assemblies; infrared molded lenses, diamond turned, conventional ground and polished ground lenses and assemblies; and Gradium lenses. It supports a range of customers in the field of industrial, laser, defense, medical, telecommunications, and instrumentation.
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