Lasertec (OTCMKTS:LSRCY) Shares Up 7.7% – Still a Buy?

Shares of Lasertec Co. (OTCMKTS:LSRCYGet Free Report) were up 7.7% during mid-day trading on Friday . The company traded as high as $50.74 and last traded at $49.5880. Approximately 9,462 shares traded hands during trading, a decline of 91% from the average session volume of 105,519 shares. The stock had previously closed at $46.06.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut shares of Lasertec from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

View Our Latest Stock Analysis on Lasertec

Lasertec Stock Up 4.9%

The company has a fifty day simple moving average of $48.11 and a 200 day simple moving average of $50.50.

About Lasertec

(Get Free Report)

Lasertec Corporation is a Japan-based manufacturer of inspection and measurement equipment used in advanced manufacturing. The company is best known for systems that inspect semiconductor photomasks and mask blanks, which are critical components in the lithography process used to produce integrated circuits.

Lasertec’s product portfolio includes inspection systems for extreme ultraviolet (EUV) and other semiconductor lithography applications, as well as equipment for detecting defects and measuring surface characteristics.

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