Trading Report: Today, Taglich Brothers Equities Analysts Decrease Earnings Estimates for LightPath Technologies Inc. (LPTH)

Today, Taglich Brothers Equities Analysts Decrease Earnings Estimates for LightPath Technologies Inc. (LPTH)

LightPath Technologies Inc. (NASDAQ:LPTH) – Research analysts at Taglich Brothers decreased their FY2017 earnings per share (EPS) estimates for LightPath Technologies in a research report issued on Tuesday. Taglich Brothers analyst J. Nobile now forecasts that the brokerage will post earnings per share of $0.09 for the year, down from their previous forecast of $0.13.

LightPath Technologies (NASDAQ:LPTH) last posted its quarterly earnings results on Monday, November 14th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by $0.01. LightPath Technologies had a return on equity of 10.49% and a net margin of 3.94%.

Separately, Zacks Investment Research cut shares of LightPath Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, October 12th.

LightPath Technologies (NASDAQ:LPTH) opened at 1.51 on Thursday. LightPath Technologies has a 12-month low of $1.40 and a 12-month high of $3.79. The firm’s 50-day moving average is $1.59 and its 200 day moving average is $1.76. The firm has a market cap of $23.64 million, a PE ratio of 36.83 and a beta of -0.25.

An institutional investor recently raised its position in LightPath Technologies stock. Vanguard Group Inc. increased its stake in LightPath Technologies Inc. (NASDAQ:LPTH) by 2.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 357,762 shares of the company’s stock after buying an additional 7,600 shares during the period. Vanguard Group Inc. owned 2.29% of LightPath Technologies worth $622,000 at the end of the most recent reporting period. Institutional investors own 7.99% of the company’s stock.

LightPath Technologies Company Profile

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