Laser Photonics (NASDAQ:LASE) Stock Rating Lowered by Wall Street Zen

Laser Photonics (NASDAQ:LASE) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Laser Photonics Trading Down 0.8%

LASE opened at $2.59 on Friday. Laser Photonics has a 12-month low of $1.71 and a 12-month high of $19.80. The business’s fifty day simple moving average is $3.11 and its 200-day simple moving average is $2.91. The company has a market capitalization of $36.97 million, a price-to-earnings ratio of -8.63 and a beta of 3.24.

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

Institutional Investors Weigh In On Laser Photonics

An institutional investor recently bought a new position in Laser Photonics stock. OLD National Bancorp IN acquired a new position in Laser Photonics Co. (NASDAQ:LASE) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 14,000 shares of the company’s stock, valued at approximately $43,000. OLD National Bancorp IN owned about 0.10% of Laser Photonics as of its most recent SEC filing. Institutional investors and hedge funds 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.