Lasertec (OTCMKTS:LSRCY) Shares Down 16.4% – Here’s What Happened

Lasertec Co. (OTCMKTS:LSRCYGet Free Report) shares traded down 16.4% during trading on Friday . The stock traded as low as $48.00 and last traded at $48.4684. 7,808 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 99,850 shares. The stock had previously closed at $58.00.

Analysts Set New Price Targets

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

View Our Latest Research Report on LSRCY

Lasertec Trading Down 5.5%

The company has a 50-day moving average price of $55.67 and a two-hundred day moving average price of $49.99.

Lasertec Company Profile

(Get Free Report)

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.

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