Lasertec (OTCMKTS:LSRCY) Shares Gap Down – Here’s Why

Lasertec Co. (OTCMKTS:LSRCY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $56.65, but opened at $53.86. Lasertec shares last traded at $53.70, with a volume of 18,432 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Lasertec to a “hold” rating in a research note on Friday, April 10th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

Lasertec Stock Down 4.1%

The company’s 50 day simple moving average is $49.09 and its 200 day simple moving average is $43.02.

About Lasertec

Lasertec Corporation, trading in the U.S. OTC market under the symbol LSRCY, is a Tokyo-based manufacturer of advanced inspection and metrology equipment for the global semiconductor and flat panel display industries. The company specializes in laser-based defect inspection and measurement systems that help wafer fabs, mask shops and device manufacturers maintain high yield and quality control throughout photomask, reticle, wafer and display production processes.

Lasertec’s product portfolio includes high-resolution reticle and mask inspection systems, wafer defect inspection tools and overlay metrology equipment.