LightPath Technologies (LPTH) Stock Rating Lowered by Zacks Investment Research

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LightPath Technologies (NASDAQ:LPTH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

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. “

Separately, Dougherty & Co cut shares of LightPath Technologies from a “buy” rating to a “neutral” rating in a research report on Friday, September 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $2.83.

LightPath Technologies stock traded up $0.10 during trading on Thursday, reaching $1.66. 110,962 shares of the company’s stock were exchanged, compared to its average volume of 63,225. The company has a current ratio of 3.44, a quick ratio of 2.25 and a debt-to-equity ratio of 0.15. LightPath Technologies has a 52-week low of $1.40 and a 52-week high of $2.75. The stock has a market cap of $39.97 million, a price-to-earnings ratio of 41.50, a price-to-earnings-growth ratio of 4.43 and a beta of -0.29.

LightPath Technologies (NASDAQ:LPTH) last announced its quarterly earnings results on Thursday, November 8th. The technology company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). LightPath Technologies had a return on equity of 1.45% and a net margin of 0.77%. The business had revenue of $8.55 million for the quarter, compared to analysts’ expectations of $8.09 million. Analysts forecast that LightPath Technologies will post 0.02 earnings per share for the current 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, 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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