According to Zacks, “LightPath Technologies, Inc. provides optics and photonics solutions for the industrial, defense, telecommunications, testing and measurement, and medical industries. LightPath designs, manufactures, and distributes optical and infrared components including molded glass aspheric lenses and assemblies, infrared lenses and thermal imaging assemblies, fused fiber collimators, and gradient index GRADIUM lenses. LightPath also offers custom optical assemblies, including full engineering design support. “
LPTH has been the subject of several other reports. B. Riley reiterated a “buy” rating on shares of LightPath Technologies in a research report on Tuesday, May 7th. ValuEngine cut Valero Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. Finally, TheStreet upgraded ZTO Express (Cayman) from a “c+” rating to a “b” rating in a research report on Thursday, May 16th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $3.00.
Shares of NASDAQ LPTH traded down $0.02 during mid-day trading on Tuesday, hitting $0.91. The company had a trading volume of 50,934 shares, compared to its average volume of 110,530. The firm has a market capitalization of $23.92 million, a P/E ratio of 22.70 and a beta of 0.12. LightPath Technologies has a 1 year low of $0.83 and a 1 year high of $2.75. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.54 and a quick ratio of 2.13. The business’s 50-day simple moving average is $0.97.
LightPath Technologies (NASDAQ:LPTH) last announced its quarterly earnings results on Thursday, May 9th. The technology company reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.02). The company had revenue of $7.91 million during the quarter, compared to analysts’ expectations of $8.98 million. LightPath Technologies had a negative net margin of 5.22% and a negative return on equity of 4.91%. As a group, research analysts forecast that LightPath Technologies will post -0.06 earnings per share for the current year.
In related news, Director Robert Ripp purchased 51,249 shares of LightPath Technologies stock in a transaction dated Thursday, June 6th. The stock was bought at an average cost of $1.00 per share, for a total transaction of $51,249.00. Following the completion of the transaction, the director now owns 730,797 shares in the company, valued at $730,797. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders bought 73,249 shares of company stock valued at $73,149. 12.80% of the stock is owned by company insiders.
An institutional investor recently raised its position in LightPath Technologies stock. Royce & Associates LP raised its holdings in shares of LightPath Technologies, Inc. (NASDAQ:LPTH) by 12.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,133,546 shares of the technology company’s stock after buying an additional 126,100 shares during the quarter. Royce & Associates LP owned about 4.39% of LightPath Technologies worth $1,700,000 as of its most recent filing with the Securities & Exchange Commission. 26.56% of the stock is owned by institutional investors.
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 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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