Laser Photonics (NASDAQ:LASE – Get Free Report) issued its quarterly earnings results on Friday. The company reported ($0.08) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $1.81 million for the quarter.
Laser Photonics Stock Performance
Shares of NASDAQ LASE traded up $0.11 during midday trading on Friday, reaching $1.48. The stock had a trading volume of 2,635,237 shares, compared to its average volume of 7,160,933. The company has a market capitalization of $70.52 million, a price-to-earnings ratio of -0.82 and a beta of 2.39. Laser Photonics has a 12-month low of $0.38 and a 12-month high of $6.77. The stock has a 50-day moving average of $1.53 and a 200-day moving average of $1.24.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Laser Photonics in a report on Monday, July 6th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.
Institutional Investors Weigh In On Laser Photonics
Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Laser Photonics by 7.7% in the third quarter. Vanguard Group Inc. now owns 333,347 shares of the company’s stock worth $1,437,000 after acquiring an additional 23,792 shares during the period. BlackRock Inc. bought a new position in shares of Laser Photonics during the second quarter worth $334,000. Jones Financial Companies Lllp increased its holdings in Laser Photonics by 7,350.8% in the 1st quarter. Jones Financial Companies Lllp now owns 149,017 shares of the company’s stock valued at $457,000 after acquiring an additional 147,017 shares during the last quarter. Geode Capital Management LLC boosted 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 valued at $356,000 after purchasing an additional 70,065 shares during the last quarter. Finally, L1 Global Manager Pty Ltd bought a new stake in shares of Laser Photonics in the fourth quarter worth about $339,000. 1.90% of the stock is 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.
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