News articles about LightPath Technologies (NASDAQ:LPTH) have trended somewhat positive on Saturday, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. LightPath Technologies earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 46.3028149455268 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news stories that may have effected Accern’s analysis:
A number of brokerages recently commented on LPTH. ValuEngine raised LightPath Technologies from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research cut LightPath Technologies from a “buy” rating to a “hold” rating in a report on Friday, July 7th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. LightPath Technologies currently has a consensus rating of “Buy” and an average price target of $3.00.
Shares of LightPath Technologies (LPTH) opened at 2.61 on Friday. The firm has a 50-day moving average price of $2.57 and a 200-day moving average price of $2.66. The stock has a market cap of $62.94 million, a price-to-earnings ratio of 29.00 and a beta of -0.59. LightPath Technologies has a 52 week low of $1.21 and a 52 week high of $3.33.
LightPath Technologies (NASDAQ:LPTH) last issued its quarterly earnings results on Thursday, September 14th. The technology company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.20. LightPath Technologies had a net margin of 27.16% and a return on equity of 43.39%. The business had revenue of $9.01 million during the quarter, compared to the consensus estimate of $8.75 million. On average, equities analysts anticipate that LightPath Technologies will post $0.18 earnings per share for the current year.
About LightPath Technologies
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.