LightPath Technologies, Inc. (NASDAQ:LPTH) has been given a consensus broker rating score of 1.67 (Buy) from the three analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and two have issued a strong buy rating on the company. LightPath Technologies’ rating score has declined by 25.6% from three months ago as a result of various analysts’ ratings changes.

Analysts have set a 1 year consensus target price of $2.75 for the company, according to Zacks. Zacks has also assigned LightPath Technologies an industry rank of 104 out of 257 based on the ratings given to its competitors.

LPTH has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of LightPath Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, July 24th. Roth Capital set a $3.00 price objective on shares of LightPath Technologies and gave the company a “buy” rating in a research note on Wednesday, August 15th. Finally, Dougherty & Co downgraded shares of LightPath Technologies from a “buy” rating to a “neutral” rating in a research note on Friday, September 14th.

LPTH traded down $0.02 during trading hours on Wednesday, reaching $1.87. 29,500 shares of the stock traded hands, compared to its average volume of 160,207. The firm has a market cap of $47.44 million, a price-to-earnings ratio of 46.75, a PEG ratio of 5.26 and a beta of -0.74. LightPath Technologies has a fifty-two week low of $1.65 and a fifty-two week high of $2.75. 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 (NASDAQ:LPTH) last released its quarterly earnings results on Thursday, November 8th. The technology company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.01). The firm had revenue of $8.55 million for the quarter, compared to analyst estimates of $8.09 million. LightPath Technologies had a net margin of 0.77% and a return on equity of 1.45%. On average, analysts forecast that LightPath Technologies will post 0.02 earnings per share for the current fiscal year.

LightPath Technologies Company Profile

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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