LightPath Technologies Inc. (NASDAQ:LPTH) – Equities researchers at Taglich Brothers cut their Q2 2017 earnings per share (EPS) estimates for LightPath Technologies in a report released on Tuesday. Taglich Brothers analyst J. Nobile now forecasts that the firm will post earnings of $0.02 per share for the quarter, down from their prior forecast of $0.03. Taglich Brothers also issued estimates for LightPath Technologies’ Q3 2017 earnings at $0.03 EPS, Q1 2018 earnings at $0.03 EPS and FY2018 earnings at $0.16 EPS.

Separately, Zacks Investment Research downgraded LightPath Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, October 12th.

Earnings History and Estimates for LightPath Technologies (NASDAQ:LPTH)

Shares of LightPath Technologies (NASDAQ:LPTH) opened at 1.51 on Wednesday. The firm has a market cap of $23.64 million, a P/E ratio of 36.83 and a beta of -0.25. The company has a 50 day moving average price of $1.60 and a 200-day moving average price of $1.76. LightPath Technologies has a 52-week low of $1.40 and a 52-week high of $3.79.

LightPath Technologies (NASDAQ:LPTH) last issued its quarterly earnings results on Monday, November 14th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by $0.01. LightPath Technologies had a net margin of 3.94% and a return on equity of 10.49%.

An institutional investor recently raised its position in LightPath Technologies stock. Navellier & Associates Inc increased its position in LightPath Technologies Inc. (NASDAQ:LPTH) by 28.2% during the second quarter, according to its most recent filing with the SEC. The fund owned 96,117 shares of the company’s stock after buying an additional 21,117 shares during the period. Navellier & Associates Inc owned approximately 0.62% of LightPath Technologies worth $167,000 at the end of the most recent quarter. 7.99% of the stock is owned by institutional investors and hedge funds.

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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.

5 Day Chart for NASDAQ:LPTH

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