Brokerages Anticipate LightPath Technologies, Inc. (LPTH) to Announce $0.01 EPS
Shares of LightPath Technologies, Inc. (NASDAQ:LPTH) have been given a consensus broker rating score of 1.67 (Buy) from the three analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and two have assigned a strong buy rating to the company.
Analysts have set a one year consensus price objective of $2.55 for the company and are forecasting that the company will post $0.01 earnings per share for the current quarter, according to Zacks. Zacks has also assigned LightPath Technologies an industry rank of 191 out of 255 based on the ratings given to its competitors.
Separately, Zacks Investment Research lowered LightPath Technologies from a “hold” rating to a “sell” rating in a report on Thursday, January 10th.
LPTH traded down $0.02 during trading on Friday, reaching $1.73. The company’s stock had a trading volume of 100,661 shares, compared to its average volume of 55,840. LightPath Technologies has a 52-week low of $1.40 and a 52-week high of $2.75. The firm has a market capitalization of $44.66 million, a PE ratio of 43.25, a P/E/G ratio of 11.67 and a beta of -0.18. The company has a current ratio of 3.25, a quick ratio of 2.07 and a debt-to-equity ratio of 0.15.
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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