Weiss Ratings Reiterates Sell (D+) Rating for Laser Photonics (NASDAQ:LASE)

Key Points

• Weiss Ratings has reiterated a Sell (D+) rating for Laser Photonics (NASDAQ:LASE), emphasizing the stock's poor performance in recent assessments.
• Recent trading reports indicate that Laser Photonics' stock is down 1.4%, opening at $4.33, with a market cap of $61.82 million and a twelve-month trading range between $1.71 and $10.15.
• Institutional investor Jones Financial Companies significantly increased its stake in Laser Photonics by 7,350.9%, acquiring an additional 147,017 shares to hold about 1.08% of the company.

Laser Photonics (NASDAQ:LASE - Get Free Report)'s stock had its "sell (d+)" rating reissued by stock analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen cut shares of Laser Photonics from a "hold" rating to a "sell" rating in a report on Friday, October 3rd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of "Sell".

Laser Photonics Stock Down 1.4%

Shares of Laser Photonics stock opened at $4.33 on Wednesday. The company has a market cap of $61.82 million, a price-to-earnings ratio of -14.43 and a beta of 3.20. The company's 50 day moving average is $3.49 and its 200 day moving average is $3.00. Laser Photonics has a twelve month low of $1.71 and a twelve month high of $10.15.

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

Institutional Trading of Laser Photonics

An institutional investor recently raised its position in Laser Photonics stock. Jones Financial Companies Lllp lifted its position in Laser Photonics Co. (NASDAQ:LASE - Free Report) by 7,350.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 149,017 shares of the company's stock after purchasing an additional 147,017 shares during the period. Jones Financial Companies Lllp owned about 1.08% of Laser Photonics worth $457,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 1.90% of the stock is currently owned by institutional investors.

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.

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