Diamonds and Dogs
LightPath Technologies, Inc. (LPTH)
Today's diamond is LightPath Technologies. The company is sitting pretty at $1.77 by mid-afternoon today. This share price comes from a 43 cent jump up 32.09% from the opening bell. One major factor for this surge of investment is the company's latest announcement that one of their products was selected for use in the manufacturing of firefighting thermal imaging cameras. The product was an Infrared 40 degree Field of View modified optical lens. With the manufacturer being the leading supplier of integrated products and technologies for defense departments and federal, state, and municipal government agencies across the globe, there is no wonder why the company's shares have improved so much.
Burlington Stores (BURL)
Burlington Stores is down 9% today at $49.06 after missing analyst and its own expectations for first quarter revenue growth. The fashion-focused retailer reported revenue growth of only 4.9% compared to analyst forecasts of 8%. Tom Kingsbury, the CEO of the company, stated that they were negatively impacted by the IRS tax refund, the poor weather, and lower markdown sales. However, the company did report an EPS of .41 compared to an EPS of .25 during the same quarter last year. Even so, the company took a hit today and is continuing its downward trend.