Laser Photonics (NASDAQ:LASE) Trading Up 1% – Here’s What Happened

Laser Photonics Co. (NASDAQ:LASE) traded up 1% during mid-day trading on Thursday . The company traded as high as $1.05 and last traded at $1.04. 1,200,629 shares changed hands during trading, a decline of 35% from the average session volume of 1,843,552 shares. The stock had previously closed at $1.03.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Laser Photonics in a research note on Monday, March 23rd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Laser Photonics has an average rating of “Sell”.

Laser Photonics Price Performance

The firm has a market capitalization of $23.69 million, a P/E ratio of -0.83 and a beta of 3.64. The stock’s fifty day simple moving average is $1.09 and its 200 day simple moving average is $2.49.

Institutional Trading of Laser Photonics

A number of institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp raised its stake in Laser Photonics by 7,350.9% in the first quarter. Jones Financial Companies Lllp now owns 149,017 shares of the company’s stock valued at $457,000 after buying an additional 147,017 shares during the last quarter. Stephens Inc. AR acquired a new position in Laser Photonics during the 3rd quarter valued at approximately $81,000. Essex Investment Management Co. LLC acquired a new position in Laser Photonics during the 3rd quarter valued at approximately $118,000. Vanguard Group Inc. raised its holdings in shares of Laser Photonics by 7.7% in the third quarter. Vanguard Group Inc. now owns 333,347 shares of the company’s stock worth $1,437,000 after buying an additional 23,792 shares during the last quarter. Finally, Anson Funds Management LP purchased a new position in shares of Laser Photonics in the third quarter worth $1,776,000. Institutional investors and hedge funds own 1.90% of the company’s stock.

About Laser Photonics

Laser Photonics Corporation (NASDAQ: LASE) is a technology company that designs, manufactures and markets high?power fiber?optic laser solutions and high?speed optical communication modules. Headquartered in Orlando, Florida, it serves a variety of industrial and telecommunications markets worldwide. The company’s operations are organized into two principal segments: Laser Products and Optical Communications.

In its Laser Products segment, Laser Photonics develops and produces a range of fiber?optic lasers tailored for material processing applications.