Laser Photonics (NASDAQ:LASE) Trading Up 1%

Laser Photonics Co. (NASDAQ:LASE) shares were up 1% on Thursday . The stock traded as high as $0.94 and last traded at $0.89. Approximately 48,714 shares were traded during trading, a decline of 77% from the average daily volume of 212,569 shares. The stock had previously closed at $0.88.

Laser Photonics Stock Up 1.0 %

The stock has a market cap of $7.35 million and a price-to-earnings ratio of -1.75. The firm’s 50 day moving average is $1.49 and its two-hundred day moving average is $2.37.

Institutional Investors Weigh In On Laser Photonics

Several large investors have recently made changes to their positions in LASE. Millennium Management LLC acquired a new stake in shares of Laser Photonics in the fourth quarter valued at approximately $25,000. UBS Group AG bought a new position in shares of Laser Photonics in the third quarter valued at approximately $30,000. Jane Street Group LLC bought a new position in shares of Laser Photonics in the third quarter valued at approximately $38,000. Virtu Financial LLC bought a new position in shares of Laser Photonics in the fourth quarter valued at approximately $39,000. Finally, Northern Trust Corp bought a new position in shares of Laser Photonics in the second quarter valued at approximately $39,000. Institutional investors and hedge funds own 3.01% 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-100CTH, an air-cooled pulsed laser systems; CleanTech Handheld LPC-200CTH, a manual handheld laser surface cleaning model; CleanTech Handheld LPC-300CTH, a water-cooled laser system; CleanTech Handheld LPC-1000CTH, a laser cleaning tool; CleanTech Handheld 2000-CTH Jobsite for industrial cleaning, rust and paint removal, and surface preparation; CleanTech Handheld NCX, a portable laser surface cleaning and conditioning system; CleanTech Robot, a robotic laser cleaning system, CleanTech Laser Blaster Cabinet, a laser cleaning machine; and CleanTech EZ- Rider, a laser cleaning tool.