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

Laser Photonics (NASDAQ:LASE) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

Laser Photonics Price Performance

Shares of Laser Photonics stock opened at $2.05 on Friday. The business has a 50 day simple moving average of $3.13 and a two-hundred day simple moving average of $2.96. Laser Photonics has a 12 month low of $1.71 and a 12 month high of $19.80. The stock has a market capitalization of $29.27 million, a P/E ratio of -6.83 and a beta of 3.24.

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

Hedge Funds Weigh In On Laser Photonics

An institutional investor recently raised its position in Laser Photonics stock. Jones Financial Companies Lllp raised its position in shares of Laser Photonics Co. (NASDAQ:LASE) by 7,350.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 149,017 shares of the company’s stock after acquiring an additional 147,017 shares during the quarter. Jones Financial Companies Lllp owned approximately 1.08% of Laser Photonics worth $457,000 as of its most recent SEC filing. 1.90% of the stock is currently owned by institutional investors and hedge funds.

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.