Laser Photonics (NASDAQ:LASE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Laser Photonics (NASDAQ:LASE) from a strong sell rating to a hold rating in a report published on Monday.

Laser Photonics Trading Down 17.9%

Shares of NASDAQ:LASE opened at $4.53 on Monday. Laser Photonics has a 12 month low of $1.84 and a 12 month high of $19.80. The company has a 50-day moving average price of $2.99 and a 200 day moving average price of $3.00. The company has a market cap of $64.67 million, a price-to-earnings ratio of -15.10 and a beta of 3.23.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC bought a new position in shares of Laser Photonics in the 4th quarter valued at about $134,000. Geode Capital Management LLC lifted its stake in Laser Photonics by 30.1% in the fourth quarter. Geode Capital Management LLC now owns 78,939 shares of the company’s stock worth $456,000 after purchasing an additional 18,283 shares during the last quarter. OLD National Bancorp IN bought a new stake in Laser Photonics in the first quarter worth about $43,000. Finally, Jones Financial Companies Lllp lifted its stake in Laser Photonics by 7,350.9% in the first quarter. Jones Financial Companies Lllp now owns 149,017 shares of the company’s stock worth $457,000 after purchasing an additional 147,017 shares during the last quarter. Institutional investors own 1.90% of the company’s stock.

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.