Laser Photonics (NASDAQ:LASE) Releases Quarterly Earnings Results

Laser Photonics (NASDAQ:LASE) released its quarterly earnings data on Monday. The company reported ($0.44) earnings per share (EPS) for the quarter, Zacks reports.

Laser Photonics Stock Performance

NASDAQ LASE traded down $0.03 on Monday, reaching $1.12. The stock had a trading volume of 1,264,923 shares, compared to its average volume of 1,932,478. Laser Photonics has a 12-month low of $0.38 and a 12-month high of $6.77. The business’s 50-day moving average price is $0.95 and its 200 day moving average price is $2.24. The stock has a market cap of $25.51 million, a P/E ratio of -0.89 and a beta of 3.42.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jones Financial Companies Lllp grew its position in Laser Photonics by 7,350.9% in the 1st quarter. Jones Financial Companies Lllp now owns 149,017 shares of the company’s stock valued at $457,000 after buying an additional 147,017 shares during the last quarter. 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 valued at $1,437,000 after buying an additional 23,792 shares during the last quarter. CIBC Private Wealth Group LLC raised its holdings in Laser Photonics by 500.0% during the third quarter. CIBC Private Wealth Group LLC now owns 6,000 shares of the company’s stock worth $26,000 after purchasing an additional 5,000 shares in the last quarter. Geode Capital Management LLC raised its holdings in Laser Photonics by 94.8% during the fourth quarter. Geode Capital Management LLC now owns 143,985 shares of the company’s stock worth $356,000 after purchasing an additional 70,065 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in Laser Photonics during the fourth quarter worth about $41,000. 1.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Laser Photonics in a report on Monday, March 23rd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Laser Photonics has a consensus rating of “Sell”.

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.