Laser Photonics (NASDAQ:LASE) Cut to Sell at Wall Street Zen

Key Points

• Laser Photonics has been downgraded from a "hold" rating to a "sell" rating by Wall Street Zen, indicating a negative outlook from analysts.
• The company's market cap is currently $64.81 million with a PE ratio of -15.13, while its shares have experienced a trading volume of 1,227,162 recently.
• Weiss Ratings also maintained a "sell (d+)" rating, contributing to the overall consensus of a "sell" for Laser Photonics stock, according to MarketBeat.

Laser Photonics (NASDAQ:LASE - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Friday.

Separately, Weiss Ratings restated a "sell (d+)" rating on shares of Laser Photonics in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of "Sell".

Laser Photonics Price Performance

Shares of NASDAQ:LASE traded down $0.21 during mid-day trading on Friday, reaching $4.54. 1,227,162 shares of the company traded hands, compared to its average volume of 1,986,521. The company's 50 day moving average price is $3.39 and its 200-day moving average price is $2.98. The firm has a market cap of $64.81 million, a PE ratio of -15.13 and a beta of 3.21. Laser Photonics has a 52 week low of $1.71 and a 52 week high of $10.15.

Laser Photonics (NASDAQ:LASE - Get Free Report) last posted its quarterly earnings results on Friday, August 15th. The company reported ($0.12) earnings per share for the quarter. The business had revenue of $2.60 million during the quarter.

Institutional Trading of Laser Photonics

An institutional investor recently bought a new position in Laser Photonics stock. OLD National Bancorp IN acquired a new position in shares of Laser Photonics Co. (NASDAQ:LASE - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 14,000 shares of the company's stock, valued at approximately $43,000. OLD National Bancorp IN owned approximately 0.10% of Laser Photonics at the end of the most recent reporting period. Institutional investors and hedge funds own 1.90% of the company's stock.

Laser Photonics Company Profile

Laser Photonics Corporation provides integrated laser blasting solutions for corrosion control, rust removal, de-coating, pre- and post-welding, laser cleaning, and surface conditioning in the Americas, Europe, Asia, the Middle East, and North Africa. It offers laser cleaning systems, such as CleanTech Titan FX for cleaning, rust removal, and surface conditioning; CleanTech Titan Express, a high-power fiber laser for cleaning and surface conditioning; CleanTech MegaCenter, an industrial-grade laser parts cleaning, rust removal, and surface conditioning system; CleanTech Handheld LPC-50-CTHD, an entry-level dual axis laser cleaning and surface treatment system; CleanTech Handheld LPC-100-CTHD, an air-cooled pulsed laser systems; CleanTech Handheld LPC-200-CTHD for cleaning rust, remove paints, and other coatings; CleanTech Handheld LPC-300-CTHD, a air-cooled laser system; CleanTech Handheld LPC-1000-CTHS, a single axis laser cleaning and surface treatment system; CleanTech Handheld LPC-1000-CTHD, a portable handheld roughing laser cleaner; CleanTech Handheld-1500-CTHS, an handheld laser cleaning, roughing, and surface preparation system; CleanTech Handheld-1500-CTHD, a dual axis fiber laser system; CleanTech Handheld LPC-2000-CTHD for cleaning rust and remove coatings; CleanTech LPC-3000-CTHD for cleaning and removing rust, corrosion, and other materials; CleanTech Laser Blaster Cabinet, a laser cleaning machine; CleanTech Robotic Cell Enclosure, an AI-capable laser cleaning system that eliminates the concerns over human hazard and eye safety; CleanTech EZ- Rider, a laser cleaning tool; and CleanTech Robot, an industrial robotic laser cleaning system.

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