Laser Photonics (NASDAQ:LASE) Upgraded at Wall Street Zen

Laser Photonics (NASDAQ:LASE) was upgraded by stock analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Laser Photonics in a research report on Friday, October 2nd. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Laser Photonics Price Performance

Shares of LASE stock opened at $0.53 on Friday. The firm has a 50-day moving average price of $0.75 and a 200 day moving average price of $1.12. Laser Photonics has a twelve month low of $0.38 and a twelve month high of $4.49.

Laser Photonics (NASDAQ:LASE) last released its earnings results on Thursday, November 12th. The company reported ($0.05) earnings per share (EPS) for the quarter. Laser Photonics had a negative net margin of 282.55% and a negative return on equity of 4,407.77%. The firm had revenue of $1.15 million during the quarter.

Institutional Investors Weigh In On Laser Photonics

A hedge fund recently bought a new position in Laser Photonics stock. BlackRock Inc. bought a new stake in Laser Photonics Co. (NASDAQ:LASE) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 202,392 shares of the company’s stock, valued at approximately $334,000. BlackRock Inc. owned about 0.42% of Laser Photonics at the end of the most recent quarter. 1.90% of the stock is currently owned by hedge funds and other institutional investors.

Laser Photonics Company Profile

Laser Photonics Corporation develops and manufactures industrial laser systems and related equipment for material processing applications. Its technologies are designed to provide alternatives to traditional abrasive blasting, chemical cleaning, and other surface-treatment methods. The company’s product portfolio includes laser systems for surface cleaning and preparation, rust and paint removal, marking and engraving, cutting, and welding. Its CleanTech laser blasting systems are intended for applications such as removing coatings, contaminants, and corrosion from metal and other surfaces while reducing the need for consumable media.