Laser Photonics (NASDAQ:LASE) Stock Price Up 5.3% – Should You Buy?

Laser Photonics Co. (NASDAQ:LASE)’s share price rose 5.3% during mid-day trading on Monday . The company traded as high as $1.21 and last traded at $1.20. 1,978,867 shares traded hands during trading, a decline of 73% from the average daily volume of 7,293,564 shares. The stock had previously closed at $1.14.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Laser Photonics in a research report on Monday, July 6th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Laser Photonics Stock Performance

The company has a market capitalization of $57.18 million, a price-to-earnings ratio of -0.66 and a beta of 2.39. The firm’s 50-day simple moving average is $1.67 and its 200-day simple moving average is $1.26.

Laser Photonics (NASDAQ:LASE) last issued its quarterly earnings results on Thursday, June 11th. The company reported ($0.16) earnings per share (EPS) for the quarter. The company had revenue of $0.92 million during the quarter.

Institutional Trading of Laser Photonics

Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in Laser Photonics during the second quarter worth $334,000. XTX Topco Ltd acquired a new position in shares of Laser Photonics in the 4th quarter valued at $134,000. Millennium Management LLC acquired a new position in shares of Laser Photonics in the 4th quarter valued at $41,000. L1 Global Manager Pty Ltd bought a new position in shares of Laser Photonics during the 4th quarter worth about $339,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Laser Photonics by 94.8% during the 4th quarter. Geode Capital Management LLC now owns 143,985 shares of the company’s stock worth $356,000 after acquiring an additional 70,065 shares during the period. 1.90% of the stock is currently owned by institutional investors.

About Laser Photonics

Laser Photonics Corporation (NASDAQ: LASE) is a technology company that designs, manufactures and markets high‐power fiber‐optic laser solutions and high‐speed optical communication modules. Headquartered in Orlando, Florida, it serves a variety of industrial and telecommunications markets worldwide. The company’s operations are organized into two principal segments: Laser Products and Optical Communications.

In its Laser Products segment, Laser Photonics develops and produces a range of fiber‐optic lasers tailored for material processing applications.