Laser Photonics (NASDAQ:LASE) Cut to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of Laser Photonics (NASDAQ:LASE) from a hold rating to a sell rating in a research note released on Friday.

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Laser Photonics in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Laser Photonics currently has a consensus rating of “Sell”.

Laser Photonics Stock Performance

Shares of LASE opened at $4.54 on Friday. Laser Photonics has a fifty-two week low of $1.71 and a fifty-two week high of $10.15. The firm’s 50-day simple moving average is $3.39 and its two-hundred day simple moving average is $2.97. The stock has a market cap of $64.81 million, a PE ratio of -15.13 and a beta of 3.20.

Laser Photonics (NASDAQ:LASE) last released its earnings results on Friday, August 15th. The company reported ($0.12) earnings per share (EPS) for the quarter. The firm had revenue of $2.60 million for the quarter.

Institutional Trading of Laser Photonics

A hedge fund recently bought a new stake in Laser Photonics stock. OLD National Bancorp IN purchased a new position in Laser Photonics Co. (NASDAQ:LASE) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,000 shares of the company’s stock, valued at approximately $43,000. OLD National Bancorp IN owned about 0.10% of Laser Photonics at the end of the most recent reporting period. Institutional investors own 1.90% of the company’s stock.

Laser Photonics Company Profile

Laser Photonics Corporation provides integrated laser blasting solutions for corrosion control, rust removal, de-coating, pre- and post-welding, laser cleaning, and surface conditioning in the Americas, Europe, Asia, the Middle East, and North Africa. It offers laser cleaning systems, such as CleanTech Titan FX for cleaning, rust removal, and surface conditioning; CleanTech Titan Express, a high-power fiber laser for cleaning and surface conditioning; CleanTech MegaCenter, an industrial-grade laser parts cleaning, rust removal, and surface conditioning system; CleanTech Handheld LPC-50-CTHD, an entry-level dual axis laser cleaning and surface treatment system; CleanTech Handheld LPC-100-CTHD, an air-cooled pulsed laser systems; CleanTech Handheld LPC-200-CTHD for cleaning rust, remove paints, and other coatings; CleanTech Handheld LPC-300-CTHD, a air-cooled laser system; CleanTech Handheld LPC-1000-CTHS, a single axis laser cleaning and surface treatment system; CleanTech Handheld LPC-1000-CTHD, a portable handheld roughing laser cleaner; CleanTech Handheld-1500-CTHS, an handheld laser cleaning, roughing, and surface preparation system; CleanTech Handheld-1500-CTHD, a dual axis fiber laser system; CleanTech Handheld LPC-2000-CTHD for cleaning rust and remove coatings; CleanTech LPC-3000-CTHD for cleaning and removing rust, corrosion, and other materials; CleanTech Laser Blaster Cabinet, a laser cleaning machine; CleanTech Robotic Cell Enclosure, an AI-capable laser cleaning system that eliminates the concerns over human hazard and eye safety; CleanTech EZ- Rider, a laser cleaning tool; and CleanTech Robot, an industrial robotic laser cleaning system.