The President & CEO of Lightpath Technologies is Exercising Options

Today, the President & CEO of Lightpath Technologies, Joseph Gaynor, exercised options of Lightpath Technologies for $45.75K. The options were close to expired and Joseph Gaynor retained stocks.

Following this transaction Joseph Gaynor’s holding in the company was increased by 16.18% to a total of $395.3K. Following Joseph Gaynor’s last LPTH Buy transaction on December 21, 2016, the stock climbed by 2.4%.

Based on Lightpath Technologies’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $9.01 million and quarterly net profit of $6.36 million. In comparison, last year the company earned revenue of $5 million and had a net profit of $140.5K. LPTH’s market cap is $88.87M and the company has a P/E ratio of 11.69. The company has a one-year high of $4.10 and a one-year low of $1.21.

Starting in February 2017, LPTH received 6 Buy ratings in a row.

Joseph Gaynor’s trades have generated a 71.3% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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LightPath Technologies, Inc. designs, develops, manufactures and distributes optical and infrared components. Its products include molded glass aspheres and assemblies; infrared molded lenses, diamond turned, conventional ground and polished and CNC ground lenses and assemblies; and Gradium lenses.

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