Laser Photonics Sees Unusually High Options Volume (NASDAQ:LASE)

Laser Photonics Co. (NASDAQ:LASE) was the target of unusually large options trading activity on Monday. Traders purchased 7,878 call options on the stock. This is an increase of 74% compared to the average daily volume of 4,539 call options.

Laser Photonics Trading Up 0.5%

NASDAQ:LASE traded up $0.00 during mid-day trading on Monday, hitting $0.93. 1,223,961 shares of the company’s stock traded hands, compared to its average volume of 7,660,424. The firm has a market capitalization of $44.31 million, a price-to-earnings ratio of -0.51 and a beta of 2.27. The firm has a 50 day moving average of $1.61 and a two-hundred day moving average of $1.39. Laser Photonics has a 12 month low of $0.38 and a 12 month high of $6.77.

Laser Photonics (NASDAQ:LASE) last issued its quarterly earnings results on Thursday, June 11th. The company reported ($0.16) EPS for the quarter. The business had revenue of $0.92 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Laser Photonics in a research note on Monday, July 6th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Laser Photonics

Several large investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp boosted its holdings in Laser Photonics by 7,350.8% in the 1st quarter. Jones Financial Companies Lllp now owns 149,017 shares of the company’s stock valued at $457,000 after purchasing an additional 147,017 shares during the period. L1 Global Manager Pty Ltd acquired a new stake in Laser Photonics in the 4th quarter worth $339,000. Geode Capital Management LLC increased its holdings in shares of Laser Photonics by 94.8% during the 4th quarter. Geode Capital Management LLC now owns 143,985 shares of the company’s stock worth $356,000 after purchasing an additional 70,065 shares during the period. XTX Topco Ltd bought a new position in shares of Laser Photonics during the 4th quarter worth about $134,000. Finally, Vanguard Group Inc. raised its position in shares of Laser Photonics by 7.7% during the third quarter. Vanguard Group Inc. now owns 333,347 shares of the company’s stock valued at $1,437,000 after buying an additional 23,792 shares during the last quarter. 1.90% of the stock is currently owned by institutional investors and hedge funds.

About Laser Photonics

Laser Photonics Corporation (NASDAQ: LASE) is a technology company that designs, manufactures and markets high?power fiber?optic laser solutions and high?speed optical communication modules. Headquartered in Orlando, Florida, it serves a variety of industrial and telecommunications markets worldwide. The company’s operations are organized into two principal segments: Laser Products and Optical Communications.

In its Laser Products segment, Laser Photonics develops and produces a range of fiber?optic lasers tailored for material processing applications.