Today, The Bowser Report issued a daily mover alert on LightPath Technologies (LPTH), which gained 10% or more today.
Like IFON yesterday, LPTH’s movement today is due to a solid earnings report. The company posted a 61% increase in revenue and an $842,973 net income, compared to a $579,050 net loss in the same period last year.
LPTH is up over 30% over the past year and should continue to move if its results continue to improve. The stock set a 52-week high of $2.49 in June, but then reported a $367,234 loss for the fourth quarter ending June 30, 2015, compared to a $102,451 profit for the same period a year ago. The stock slumped after that report, but rebounded nicely today.
LPTH, currently in Category 3, should see a boost in both Bowser Rating and Category. The specific Rating and Category are not yet available, but will be in the latest newsletter, which publishes one week from today.
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