Stock Market Alert: LPTH Surges on Revenues

Posted on Friday 13 October 2006



Stock Market Alert: LPTH surged 43% higher on Friday after the company reported that revenues for the quarter ended September would come in at $4.4 million dollars, up 62% from the year ago period. Volume was extremely heavy on the day, with over 2.6 million shares of the stock changing hands, compared to a normal daily average volume of 23,000 shares. The stock, which has a 52 week high of just under $8, currently has a market cap of just over $24 million dollars.



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