LightPath Technologies Inc. (NASDAQ:LPTH) – Analysts at Taglich Brothers decreased their FY2017 earnings estimates for shares of LightPath Technologies in a research note issued on Tuesday. Taglich Brothers analyst J. Nobile now forecasts that the brokerage will post earnings per share of $0.09 for the year, down from their prior forecast of $0.13.

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

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

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Shares of LightPath Technologies (NASDAQ:LPTH) opened at 1.51 on Thursday. The company’s 50 day moving average price is $1.59 and its 200 day moving average price is $1.76. The company has a market cap of $23.64 million, a price-to-earnings ratio of 36.83 and a beta of -0.25. LightPath Technologies has a 12 month low of $1.40 and a 12 month high of $3.79.

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

COPYRIGHT VIOLATION WARNING: This report was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another website, it was copied illegally and reposted in violation of United States & international copyright laws. The correct version of this report can be accessed at https://www.thecerbatgem.com/2016/11/26/taglich-brothers-equities-analysts-decrease-earnings-estimates-for-lightpath-technologies-inc-lpth.html.

A hedge fund recently raised its stake in LightPath Technologies stock. Vanguard Group Inc. raised its stake in LightPath Technologies Inc. (NASDAQ:LPTH) by 2.2% during the second quarter, according to its most recent filing with the SEC. The fund owned 357,762 shares of the company’s stock after buying an additional 7,600 shares during the period. Vanguard Group Inc. owned 2.29% of LightPath Technologies worth $622,000 at the end of the most recent reporting period. 7.99% of the stock is owned by hedge funds and other institutional investors.

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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