Laser Photonics (NASDAQ:LASE) Upgraded to "Hold" at Wall Street Zen

Key Points

• Laser Photonics was upgraded from a "sell" to a "hold" rating by analysts at Wall Street Zen, indicating a potentially more favorable outlook for investors.
• The company's shares currently trade at around $4.20 with a market cap of $59.96 million and a P/E ratio of -14.00.
• OLD National Bancorp IN acquired a new stake in the company, buying 14,000 shares valued at approximately $43,000 during the first quarter.

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

Laser Photonics Stock Performance

Shares of LASE traded down $0.56 on Friday, reaching $4.09. The stock had a trading volume of 1,552,565 shares, compared to its average volume of 1,990,463. The firm has a market capitalization of $58.33 million, a price-to-earnings ratio of -13.71 and a beta of 3.24. The company has a 50-day simple moving average of $3.16 and a 200-day simple moving average of $2.91. Laser Photonics has a 12-month low of $1.71 and a 12-month high of $18.00.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Laser Photonics stock. OLD National Bancorp IN bought a new stake in Laser Photonics Co. (NASDAQ:LASE - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 14,000 shares of the company's stock, valued at approximately $43,000. OLD National Bancorp IN owned 0.10% of Laser Photonics as of its most recent SEC filing. 1.90% of the stock is currently owned by institutional investors.

About Laser Photonics

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.