Laser Photonics (NASDAQ:LASE) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of Laser Photonics (NASDAQ:LASE) from a hold rating to a sell rating in a research note issued to investors on Friday morning.

Laser Photonics Stock Down 3.8%

LASE stock opened at $2.05 on Friday. Laser Photonics has a twelve month low of $1.71 and a twelve month high of $19.80. The stock’s 50 day moving average is $3.13 and its 200-day moving average is $2.95. The firm has a market capitalization of $29.27 million, a PE ratio of -6.83 and a beta of 3.24.

Laser Photonics (NASDAQ:LASE) last posted its earnings results on Friday, August 15th. The company reported ($0.12) earnings per share for the quarter. The firm had revenue of $2.60 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Laser Photonics stock. Jones Financial Companies Lllp grew its stake in Laser Photonics Co. (NASDAQ:LASE) by 7,350.9% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 149,017 shares of the company’s stock after purchasing an additional 147,017 shares during the quarter. Jones Financial Companies Lllp owned approximately 1.08% of Laser Photonics worth $457,000 at the end of the most recent reporting period. 1.90% of the stock is currently owned by institutional investors and hedge funds.

About Laser Photonics

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.