Laser Photonics (NASDAQ:LASE) Rating Increased to Hold at Wall Street Zen

Key Points

• Laser Photonics (NASDAQ:LASE) has been upgraded from a "sell" to a "hold" rating by Wall Street Zen, although the overall consensus remains a "sell" according to MarketBeat.com.
• Jones Financial Companies Lllp increased its stake in Laser Photonics by a remarkable 7,350.9% during the first quarter, now owning approximately 1.08% of the company.
• The stock opened at $3.87, with a market cap of $55.25 million and 1-year price range between $1.71 and $7.37.

Laser Photonics (NASDAQ:LASE - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reiterated a "sell (d+)" rating on shares of Laser Photonics in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of "Sell".

Laser Photonics Price Performance

Shares of Laser Photonics stock opened at $3.87 on Friday. The stock has a market cap of $55.25 million, a P/E ratio of -12.90 and a beta of 3.20. The stock's 50 day simple moving average is $3.68 and its 200-day simple moving average is $3.03. Laser Photonics has a 1-year low of $1.71 and a 1-year high of $7.37.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Laser Photonics stock. Jones Financial Companies Lllp grew its position in shares of Laser Photonics Co. (NASDAQ:LASE - Free Report) by 7,350.9% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 149,017 shares of the company's stock after purchasing an additional 147,017 shares during the period. Jones Financial Companies Lllp owned approximately 1.08% of Laser Photonics worth $457,000 as of its most recent SEC filing. 1.90% of the stock is owned by institutional investors.

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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