.jpg "Lightpath Technologies (NASDAQ: LPTH)")
Today, the President & CEO of Lightpath Technologies, Joseph Gaynor, exercised options of Lightpath Technologies (NASDAQ: LPTH) for $11.31K.
This recent transaction increases Joseph Gaynor’s holding in the company by 9.56% to a total of $317.3K.
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Based on Lightpath Technologies’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $8.5 million and quarterly net profit of $1.23 million. In comparison, last year the company earned revenue of $8.49 million and had a net profit of $100.8K. LPTH’s market cap is $54.81M and the company has a P/E ratio of 6.87. Currently, Lightpath Technologies has an average volume of 35.49K.
Starting in February 2017, LPTH received 9 Buy ratings in a row. Three different firms, including B.Riley FBR and Roth Capital, currently also have a Buy rating on the stock.
Joseph Gaynor’s trades have generated a 21.4% 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.
