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

Key Points

• Laser Photonics has been upgraded by Wall Street Zen from a "strong sell" to a "hold" rating, indicating a more favorable outlook for investors.
• The company's stock opened at $5.07 and has fluctuated significantly over the past year, with a low of $1.84 and a high of $19.80.
• Laser Photonics reported a loss of ($0.12) EPS for the last quarter, alongside revenues of $2.60 million.

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

Laser Photonics Stock Down 11.2%

Laser Photonics stock traded down $0.52 during midday trading on Monday, reaching $4.09. The stock had a trading volume of 533,571 shares, compared to its average volume of 1,158,543. Laser Photonics has a 12 month low of $1.84 and a 12 month high of $19.80. The firm's 50-day moving average price is $3.05 and its 200 day moving average price is $3.00. The firm has a market capitalization of $58.32 million, a PE ratio of -13.53 and a beta of 3.23.

Laser Photonics (NASDAQ:LASE - Get Free Report) last announced its quarterly 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.

Hedge Funds Weigh In On Laser Photonics

Several institutional investors and hedge funds have recently added to or reduced their stakes in LASE. OLD National Bancorp IN bought a new stake in shares of Laser Photonics during the 1st quarter valued at about $43,000. Renaissance Technologies LLC bought a new position in Laser Photonics in the 4th quarter worth approximately $134,000. Geode Capital Management LLC boosted its stake in Laser Photonics by 30.1% in the 4th quarter. Geode Capital Management LLC now owns 78,939 shares of the company's stock worth $456,000 after purchasing an additional 18,283 shares during the period. Finally, Jones Financial Companies Lllp raised its holdings in shares of Laser Photonics by 7,350.9% during the 1st quarter. Jones Financial Companies Lllp now owns 149,017 shares of the company's stock worth $457,000 after acquiring an additional 147,017 shares in the last quarter. Hedge funds and other institutional investors own 1.90% of the company's stock.

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.