A Director at Lightpath Technologies is Exercising Options

By Carrie Williams

Today, a Director at Lightpath Technologies, Robert Ripp, exercised options of Lightpath Technologies for $55.8K. The options were close to expired and Robert Ripp retained stocks.

Following this transaction Robert Ripp’s holding in the company was increased by 4.32% to a total of $1.59 million. Following Robert Ripp’s last LPTH Buy transaction on December 21, 2016, the stock climbed by 0.9%.

Based on Lightpath Technologies’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $7.57 million and quarterly net profit of $217.7K. In comparison, last year the company earned revenue of $5 million and had a net profit of $140.5K. LPTH’s market cap is $53.35M and the company has a P/E ratio of 7.01. The company has a one-year high of $4.10 and a one-year low of $1.43.

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

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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.