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

Laser Photonics (NASDAQ:LASE) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Friday.

Laser Photonics Price Performance

LASE stock opened at $2.05 on Friday. The firm has a market capitalization of $29.27 million, a PE ratio of -6.83 and a beta of 3.24. Laser Photonics has a 1 year low of $1.71 and a 1 year high of $19.80. The business has a 50 day simple moving average of $3.13 and a 200-day simple moving average of $2.96.

Laser Photonics (NASDAQ:LASE) last issued its quarterly earnings data on Friday, August 15th. The company reported ($0.12) earnings per share for the quarter. The company had revenue of $2.60 million during the quarter.

Institutional Trading of Laser Photonics

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

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.