Laser Photonics (NASDAQ:LASE) Stock Price Down 1.7% – What’s Next?

Laser Photonics Co. (NASDAQ:LASE)’s share price traded down 1.7% on Thursday . The stock traded as low as $5.51 and last traded at $5.89. 921,652 shares changed hands during trading, a decline of 48% from the average session volume of 1,764,418 shares. The stock had previously closed at $5.99.

Laser Photonics Trading Down 1.7 %

The firm has a market capitalization of $72.27 million, a P/E ratio of -24.54 and a beta of 3.19. The stock’s 50-day simple moving average is $7.25 and its 200-day simple moving average is $3.91.

Laser Photonics (NASDAQ:LASE) last released its earnings results on Wednesday, August 28th. The company reported ($0.20) earnings per share (EPS) for the quarter. The firm had revenue of $0.62 million during the quarter.

Institutional Investors Weigh In On Laser Photonics

A hedge fund recently bought a new stake in Laser Photonics stock. Virtu Financial LLC purchased a new stake in shares of Laser Photonics Co. (NASDAQ:LASE) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 27,472 shares of the company’s stock, valued at approximately $46,000. Virtu Financial LLC owned 0.30% of Laser Photonics as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors 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.