Geode Capital Management LLC Raises Holdings in Laser Photonics Co. (NASDAQ:LASE)

Geode Capital Management LLC lifted its stake in Laser Photonics Co. (NASDAQ:LASE) by 30.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 78,939 shares of the company’s stock after purchasing an additional 18,283 shares during the quarter. Geode Capital Management LLC owned about 0.57% of Laser Photonics worth $456,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of LASE. Jane Street Group LLC acquired a new position in Laser Photonics during the 3rd quarter valued at approximately $577,000. Spire Wealth Management acquired a new position in shares of Laser Photonics in the 4th quarter valued at $81,000. Commonwealth Equity Services LLC acquired a new stake in Laser Photonics during the 4th quarter worth about $108,000. Finally, Virtu Financial LLC purchased a new stake in Laser Photonics during the 4th quarter valued at about $69,000. 1.90% of the stock is currently owned by institutional investors and hedge funds.

Laser Photonics Stock Performance

Shares of LASE stock opened at $3.00 on Friday. Laser Photonics Co. has a fifty-two week low of $1.58 and a fifty-two week high of $19.80. The firm has a market capitalization of $41.50 million, a PE ratio of -6.82 and a beta of 3.71. The stock’s 50-day simple moving average is $3.10 and its 200-day simple moving average is $4.51.

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.