Laser Photonics (NASDAQ:LASE) Stock Price Down 7% – What’s Next?

Laser Photonics Co. (NASDAQ:LASE) shares were down 7% on Wednesday . The company traded as low as $5.48 and last traded at $5.61. 413,185 shares traded hands during trading, a decline of 75% from the average session volume of 1,627,381 shares. The stock had previously closed at $6.03.

Laser Photonics Trading Down 0.4 %

The company has a market capitalization of $77.32 million, a PE ratio of -12.75 and a beta of 3.81. The firm’s 50-day simple moving average is $7.55 and its 200-day simple moving average is $4.48.

Laser Photonics (NASDAQ:LASE) last released its quarterly earnings data on Wednesday, August 28th. The company reported ($0.20) EPS for the quarter. The business had revenue of $0.62 million during the quarter.

Institutional Trading of Laser Photonics

A number of hedge funds have recently added to or reduced their stakes in LASE. XTX Topco Ltd bought a new stake in shares of Laser Photonics in the 2nd quarter valued at about $32,000. Virtu Financial LLC bought a new position in Laser Photonics in the first quarter worth approximately $46,000. Jane Street Group LLC purchased a new stake in Laser Photonics during the third quarter worth $577,000. Geode Capital Management LLC boosted its position in Laser Photonics by 53.4% during the 3rd quarter. Geode Capital Management LLC now owns 60,656 shares of the company’s stock valued at $989,000 after acquiring an additional 21,106 shares in the last quarter. Finally, Anson Funds Management LP purchased a new position in shares of Laser Photonics in the 3rd quarter valued at $4,077,000. 1.90% of the stock is owned by hedge funds and other institutional investors.

About Laser Photonics

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.