Zacks Investment Research Downgrades LightPath Technologies (LPTH) to Sell

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Zacks Investment Research lowered shares of LightPath Technologies (NASDAQ:LPTH) from a hold rating to a sell rating in a research note published on Thursday morning.

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

NASDAQ LPTH traded up $0.13 during trading on Thursday, reaching $1.69. The company’s stock had a trading volume of 110,953 shares, compared to its average volume of 63,225. The company has a quick ratio of 2.25, a current ratio of 3.44 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $39.97 million, a P/E ratio of 42.25, a P/E/G ratio of 4.43 and a beta of -0.29. LightPath Technologies has a 12 month low of $1.40 and a 12 month high of $2.75.

LightPath Technologies (NASDAQ:LPTH) last posted its quarterly earnings data on Thursday, November 8th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.01). The business had revenue of $8.55 million during the quarter, compared to the consensus estimate of $8.09 million. LightPath Technologies had a net margin of 0.77% and a return on equity of 1.45%. Equities analysts expect that LightPath Technologies will post 0.02 EPS 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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