LightPath Technologies Inc. (LPTH) Announces Quarterly Earnings Results
LightPath Technologies Inc. (NASDAQ:LPTH) announced its quarterly earnings results on Monday. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by $0.01. LightPath Technologies had a return on equity of 15.03% and a net margin of 8.19%.
Shares of LightPath Technologies (NASDAQ:LPTH) opened at 1.71 on Tuesday. The stock has a market cap of $26.73 million, a PE ratio of 21.38 and a beta of -0.25. LightPath Technologies has a 52 week low of $1.40 and a 52 week high of $3.79. The firm has a 50-day moving average of $1.65 and a 200 day moving average of $1.78.
A hedge fund recently raised its stake in LightPath Technologies stock. Navellier & Associates Inc raised its stake in LightPath Technologies Inc. (NASDAQ:LPTH) by 28.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 96,117 shares of the company’s stock after buying an additional 21,117 shares during the period. Navellier & Associates Inc owned 0.62% of LightPath Technologies worth $167,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 7.66% of the company’s stock.
Separately, Zacks Investment Research upgraded shares of LightPath Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, July 26th.
LightPath Technologies Company Profile
LightPath Technologies, Inc is a manufacturer and integrator of families of precision molded aspheric optics, fiber-optic collimator, GRADIUM glass lenses and other optical materials used to produce products that manipulate light. The Company designs, develops, manufactures and distributes optical components and assemblies utilizing the optical processes and manufacturing technologies.
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