Lake Street analyst Jaeson Schmidt maintained a Buy rating on Lightpath Technologies (LPTH – Research Report) today. The company’s shares closed yesterday at $1.47.
Schmidt covers the Technology sector, focusing on stocks such as inTEST, Powerfleet, and Lightpath Technologies. According to TipRanks, Schmidt has an average return of 7.8% and a 48.01% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lightpath Technologies with a $3.00 average price target.
Based on Lightpath Technologies’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $8.08 million and a GAAP net loss of $1.34 million. In comparison, last year the company earned a revenue of $7.37 million and had a GAAP net loss of $1.38 million
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Lightpath Technologies (LPTH) Company Description:
LightPath Technologies, Inc. designs, develops, manufactures, and distributes optical and infrared components. Its products include molded glass and assemblies; infrared molded lenses, diamond turned, conventional ground and polished ground lenses and assemblies; and Gradium lenses. It supports a range of customers in the field of industrial, laser, defense, medical, telecommunications, and instrumentation. The company was founded on June 15, 1992 and is headquartered in Orlando, FL.
