LightPath Technologies, Inc. (NASDAQ:LPTH) has received a consensus broker rating score of 1.67 (Buy) from the three analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and two have assigned a strong buy recommendation to the company. LightPath Technologies’ rating score has declined by 25.6% from three months ago as a result of a number of analysts’ ratings changes.
Brokers have set a 12 month consensus price target of $2.45 for the company and are predicting that the company will post ($0.02) EPS for the current quarter, according to Zacks. Zacks has also given LightPath Technologies an industry rank of 94 out of 255 based on the ratings given to related companies.
Several analysts recently commented on LPTH shares. Dougherty & Co lowered LightPath Technologies from a “buy” rating to a “neutral” rating in a research note on Friday, September 14th. Roth Capital set a $3.00 price target on LightPath Technologies and gave the company a “buy” rating in a research note on Wednesday, August 15th. Finally, Zacks Investment Research raised LightPath Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, July 24th.
Shares of LPTH stock opened at $1.85 on Tuesday. The company has a current ratio of 3.39, a quick ratio of 2.27 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $47.42 million, a P/E ratio of 46.25, a P/E/G ratio of 1.94 and a beta of -0.91. LightPath Technologies has a one year low of $1.65 and a one year high of $4.10.
LightPath Technologies (NASDAQ:LPTH) last announced its quarterly earnings results on Thursday, September 13th. The technology company reported ($0.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.04). The company had revenue of $8.09 million during the quarter. LightPath Technologies had a net margin of 3.26% and a return on equity of 3.75%. Research analysts expect that LightPath Technologies will post 0.06 earnings per share for the current fiscal year.
About LightPath Technologies
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, GRADIUM glass lenses, and other optical materials used to produce products that manipulate light.
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