Wall Street Zen Upgrades Laser Photonics (NASDAQ:LASE) to Sell

Laser Photonics (NASDAQ:LASE) was upgraded by Wall Street Zen from a “strong sell” rating to a “sell” rating in a note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Laser Photonics in a research note on Friday, October 2nd. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Laser Photonics Price Performance

LASE opened at $0.53 on Friday. The company’s 50 day simple moving average is $0.75 and its 200 day simple moving average is $1.12. Laser Photonics has a 1 year low of $0.38 and a 1 year high of $4.49.

Laser Photonics (NASDAQ:LASE) last released its earnings results on Thursday, November 12th. The company reported ($0.05) earnings per share (EPS) for the quarter. Laser Photonics had a negative net margin of 282.55% and a negative return on equity of 4,407.77%. The company had revenue of $1.15 million during the quarter.

Institutional Investors Weigh In On Laser Photonics

An institutional investor recently bought a new position in Laser Photonics stock. BlackRock Inc. purchased a new position in shares of Laser Photonics Co. (NASDAQ:LASE) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 202,392 shares of the company’s stock, valued at approximately $334,000. BlackRock Inc. owned about 0.42% of Laser Photonics at the end of the most recent reporting period. 1.90% of the stock is owned by hedge funds and other institutional investors.

About Laser Photonics

Laser Photonics Corporation develops and manufactures industrial laser systems and related equipment for material processing applications. Its technologies are designed to provide alternatives to traditional abrasive blasting, chemical cleaning, and other surface-treatment methods. The company’s product portfolio includes laser systems for surface cleaning and preparation, rust and paint removal, marking and engraving, cutting, and welding. Its CleanTech laser blasting systems are intended for applications such as removing coatings, contaminants, and corrosion from metal and other surfaces while reducing the need for consumable media.