Laser Photonics (NASDAQ:LASE) Upgraded 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 equities researchers at Wall Street Zen from a "strong sell" rating to a "hold" rating in a research note issued to investors on Monday.

Laser Photonics Price Performance

LASE stock traded down $0.58 during trading on Monday, hitting $4.02. 644,036 shares of the company traded hands, compared to its average volume of 1,159,250. The stock's 50-day simple moving average is $3.09 and its 200 day simple moving average is $3.00. The company has a market cap of $57.39 million, a PE ratio of -13.40 and a beta of 3.23. Laser Photonics has a 1 year low of $1.84 and a 1 year high of $19.80.

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 company had revenue of $2.60 million during the quarter.

Hedge Funds Weigh In On Laser Photonics

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp grew its holdings in Laser Photonics by 7,350.9% in the 1st quarter. Jones Financial Companies Lllp now owns 149,017 shares of the company's stock valued at $457,000 after buying an additional 147,017 shares in the last quarter. Geode Capital Management LLC grew its holdings in Laser Photonics by 30.1% in the 4th quarter. Geode Capital Management LLC now owns 78,939 shares of the company's stock valued at $456,000 after buying an additional 18,283 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Laser Photonics in the 4th quarter valued at $134,000. Finally, OLD National Bancorp IN purchased a new stake in Laser Photonics in the 1st quarter valued at $43,000. 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.