Lightpath Technologies Receives a Buy from Roth Capital

Roth Capital analyst Matt Koranda reiterated a Buy rating on Lightpath Technologies (NASDAQ: LPTH) yesterday and set a price target of $3.25. The company’s shares opened today at $2.54.

According to TipRanks.com, Koranda is a 2-star analyst with an average return of 1.1% and a 37.2% success rate. Koranda covers the Industrial Goods sector, focusing on stocks such as Cooper-Standard Holdings, Pioneer Power Solutions, and Columbus Mckinnon Corp.

Lightpath Technologies has an analyst consensus of Moderate Buy, with a price target consensus of $3.25.

Based on Lightpath Technologies’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $8.49 million and quarterly net profit of $100.8K. In comparison, last year the company earned revenue of $4.73 million and had a net profit of $331.5K.

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LightPath Technologies, Inc. designs, develops, manufactures and distributes optical and infrared components. Its products include molded glass aspheric lenses and assemblies, infrared lenses and thermal imaging assemblies, fused fiber collimators and gradient index GRADIUM lenses.

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