Laser Photonics (NASDAQ:LASE) Trading 4% Higher – Here’s Why

Laser Photonics Co. (NASDAQ:LASE)’s share price rose 4% during mid-day trading on Monday . The company traded as high as $3.65 and last traded at $3.63. Approximately 111,855 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 1,466,896 shares. The stock had previously closed at $3.49.

Laser Photonics Stock Up 4.0 %

The business’s 50-day moving average price is $4.14 and its 200 day moving average price is $5.86. The company has a market capitalization of $50.21 million, a P/E ratio of -8.25 and a beta of 3.69.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Virtu Financial LLC purchased a new stake in shares of Laser Photonics in the fourth quarter worth $69,000. Spire Wealth Management bought a new position in Laser Photonics in the 4th quarter worth about $81,000. Geode Capital Management LLC increased its stake in Laser Photonics by 30.1% in the 4th quarter. Geode Capital Management LLC now owns 78,939 shares of the company’s stock worth $456,000 after acquiring an additional 18,283 shares during the last quarter. Commonwealth Equity Services LLC purchased a new stake in shares of Laser Photonics in the 4th quarter valued at about $108,000. Finally, Renaissance Technologies LLC bought a new stake in shares of Laser Photonics during the 4th quarter valued at about $134,000. 1.90% of the stock is owned by institutional investors.

About Laser Photonics

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.