Lasertec (OTCMKTS:LSRCY) Sets New 1-Year High - Here's Why

Key Points

• Lasertec (OTCMKTS:LSRCY) hit a new 52-week high of $54.41 and last traded at $54.11 on a volume of 2,290 shares, with its 50-day and 200-day simple moving averages at $43.07 and $38.92 respectively, signaling strong recent upward momentum.
• Zacks Research upgraded the shares to a "Hold," and MarketBeat data shows the company's average analyst rating is currently Hold (based on one analyst).
• Lasertec is a Tokyo-based manufacturer of laser-based defect inspection and metrology equipment for the global semiconductor and flat-panel-display industries, supplying tools for reticle/mask and wafer inspection and overlay metrology.

Lasertec Co. (OTCMKTS:LSRCY - Get Free Report)'s share price hit a new 52-week high on Tuesday . The stock traded as high as $54.41 and last traded at $54.11, with a volume of 2290 shares changing hands. The stock had previously closed at $52.71.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Lasertec to a "hold" rating in a research note on Friday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of "Hold".

Lasertec Price Performance

The business has a 50-day simple moving average of $43.07 and a two-hundred day simple moving average of $38.92.

Lasertec Company Profile

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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