Laser Photonics (NASDAQ:LASE) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of Laser Photonics (NASDAQ:LASEFree Report) from a sell rating to a hold rating in a report released on Saturday morning.

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Laser Photonics in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Laser Photonics currently has an average rating of “Sell”.

Check Out Our Latest Stock Analysis on LASE

Laser Photonics Stock Down 2.5%

Shares of LASE stock opened at $3.87 on Friday. The stock has a market cap of $55.25 million, a PE ratio of -12.90 and a beta of 3.20. The business has a 50-day simple moving average of $3.68 and a 200-day simple moving average of $3.03. Laser Photonics has a 52-week low of $1.71 and a 52-week high of $7.37.

Laser Photonics (NASDAQ:LASEGet Free Report) last released its quarterly earnings results 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

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

About Laser Photonics

(Get Free Report)

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.

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