Lasertec (OTCMKTS:LSRCY) Hits New 52-Week High - Still a Buy?

Key Points

• 52-week high: Lasertec shares hit a new 52-week high, trading as high as $59.66 and last at $58.55 on volume of 3,057 shares, and the stock is trading well above its 50-day ($47.20) and 200-day ($41.66) moving averages.
• Analyst outlook: Zacks Research recently set a "Hold" on Lasertec and the MarketBeat consensus rating is also "Hold," indicating cautious sentiment despite the price strength.
• Business focus: Lasertec is a Tokyo-based maker of laser-based defect inspection and metrology systems for semiconductor wafers, photomasks and flat-panel displays, supplying high-resolution inspection and overlay metrology tools to fabs and mask shops.

Lasertec Co. (OTCMKTS:LSRCY - Get Free Report) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $59.66 and last traded at $58.55, with a volume of 3057 shares. The stock had previously closed at $55.60.

Analysts Set New Price Targets

Separately, Zacks Research raised Lasertec to a "hold" rating in a report on Friday, April 10th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of "Hold".

Lasertec Stock Performance

The firm has a 50 day simple moving average of $47.20 and a 200-day simple moving average of $41.66.

About Lasertec

Lasertec Corporation, trading in the U.S. OTC market under the symbol LSRCY, is a Tokyo-based manufacturer of advanced inspection and metrology equipment for the global semiconductor and flat panel display industries. The company specializes in laser-based defect inspection and measurement systems that help wafer fabs, mask shops and device manufacturers maintain high yield and quality control throughout photomask, reticle, wafer and display production processes.

Lasertec’s product portfolio includes high-resolution reticle and mask inspection systems, wafer defect inspection tools and overlay metrology equipment.

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