Lasertec (OTCMKTS:LSRCY) Shares Gap Down – Here’s Why

Shares of Lasertec Co. (OTCMKTS:LSRCY) gapped down before the market opened on Thursday . The stock had previously closed at $59.00, but opened at $55.60. Lasertec shares last traded at $54.90, with a volume of 3,037 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Lasertec from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

Lasertec Stock Performance

The company has a 50 day simple moving average of $55.50 and a 200-day simple moving average of $48.92.

Lasertec Company Profile

Lasertec Corporation, trading in the U.S. OTC market under the symbol LSRCY, is a Tokyo-based manufacturer of advanced inspection and metrology equipment for the global semiconductor and flat panel display industries. The company specializes in laser-based defect inspection and measurement systems that help wafer fabs, mask shops and device manufacturers maintain high yield and quality control throughout photomask, reticle, wafer and display production processes.

Lasertec’s product portfolio includes high-resolution reticle and mask inspection systems, wafer defect inspection tools and overlay metrology equipment.