Traders Purchase Large Volume of Call Options on Laser Photonics (NASDAQ:LASE)

Laser Photonics Co. (NASDAQ:LASE) was the target of unusually large options trading activity on Monday. Stock investors purchased 7,878 call options on the stock. This is an increase of 74% compared to the typical volume of 4,539 call options.

Hedge Funds Weigh In On Laser Photonics

A number of institutional investors and hedge funds have recently modified their holdings of LASE. Vanguard Group Inc. grew its holdings 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. Jones Financial Companies Lllp increased its position in Laser Photonics by 7,350.8% during the first 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 lifted its holdings in Laser Photonics by 94.8% in the fourth quarter. Geode Capital Management LLC now owns 143,985 shares of the company’s stock valued at $356,000 after acquiring an additional 70,065 shares during the period. L1 Global Manager Pty Ltd bought a new position in Laser Photonics in the fourth quarter valued at about $339,000. Finally, XTX Topco Ltd purchased a new position in Laser Photonics in the fourth quarter worth about $134,000. 1.90% of the stock is currently owned by hedge funds and other institutional investors.

Laser Photonics Stock Up 17.8%

LASE opened at $1.09 on Tuesday. The stock has a market capitalization of $51.94 million, a price-to-earnings ratio of -0.60 and a beta of 2.27. The firm has a 50 day moving average price of $1.61 and a 200-day moving average price of $1.38. Laser Photonics has a twelve month low of $0.38 and a twelve month high of $6.77.

Laser Photonics (NASDAQ:LASE) last issued its earnings results on Thursday, June 11th. The company reported ($0.16) earnings per share (EPS) for the quarter. The company had revenue of $0.92 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Laser Photonics in a research report on Monday, July 6th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

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.