Lasertec (OTCMKTS:LSRCY) Stock Price Up 7.7% – Time to Buy?

Lasertec Co. (OTCMKTS:LSRCY) shot up 7.7% on Friday . The company traded as high as $50.74 and last traded at $49.5880. Approximately 9,462 shares were traded during trading, a decline of 91% from the average session volume of 105,519 shares. The stock had previously closed at $46.06.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of Lasertec from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Lasertec Stock Up 4.9%

The business’s fifty day moving average price is $48.11 and its 200 day moving average price is $50.50.

Lasertec Company Profile

Lasertec Corporation is a Japan-based manufacturer of inspection and measurement equipment used in advanced manufacturing. The company is best known for systems that inspect semiconductor photomasks and mask blanks, which are critical components in the lithography process used to produce integrated circuits.

Lasertec’s product portfolio includes inspection systems for extreme ultraviolet (EUV) and other semiconductor lithography applications, as well as equipment for detecting defects and measuring surface characteristics.