Laser Photonics (NASDAQ:LASE) Trading Down 1.7% - Here's What Happened

Nov 03, 2024

Laser Photonics Co. (NASDAQ:LASE - Get Free Report)'s share price fell 1.7% during mid-day trading on Thursday . The company traded as low as $5.51 and last traded at $5.89. 921,652 shares changed hands during mid-day trading, a decline of 48% from the average session volume of 1,764,418 shares. The stock had previously closed at $5.99.

The firm has a market capitalization of $71.90 million, a PE ratio of -24.42 and a beta of 3.19. The company's fifty day simple moving average is $7.30 and its 200 day simple moving average is $3.94.

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

An institutional investor recently bought a new position in Laser Photonics stock. Virtu Financial LLC acquired a new stake in Laser Photonics Co. (NASDAQ:LASE - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 27,472 shares of the company's stock, valued at approximately $46,000. Virtu Financial LLC owned 0.30% of Laser Photonics at the end of the most recent quarter. Hedge funds and other institutional investors own 1.90% of the company's stock.

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.

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