Wall Street Zen Downgrades Laser Photonics (NASDAQ:LASE) to Sell

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

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

Laser Photonics Stock Up 0.7%

Shares of LASE opened at $3.06 on Friday. The business’s fifty day moving average is $3.73 and its 200 day moving average is $3.16. Laser Photonics has a 12-month low of $1.71 and a 12-month high of $7.31. The stock has a market cap of $68.78 million, a P/E ratio of -10.20 and a beta of 3.19.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LASE. Vanguard Group Inc. grew its position in Laser Photonics by 7.7% in the 3rd quarter. Vanguard Group Inc. now owns 333,347 shares of the company’s stock worth $1,437,000 after purchasing an additional 23,792 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Laser Photonics by 7,350.9% in the first quarter. Jones Financial Companies Lllp now owns 149,017 shares of the company’s stock valued at $457,000 after acquiring an additional 147,017 shares in the last quarter. Essex Investment Management Co. LLC purchased a new stake in shares of Laser Photonics during the third quarter valued at approximately $118,000. Finally, Stephens Inc. AR purchased a new stake in shares of Laser Photonics during the third quarter valued at approximately $81,000. 1.90% of the stock is currently owned by hedge funds and other institutional investors.

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.