Laser Photonics (NASDAQ:LASE) Shares Down 1.4% – Should You Sell?

Laser Photonics Co. (NASDAQ:LASE)’s stock price dropped 1.4% during mid-day trading on Monday . The company traded as low as $1.43 and last traded at $1.44. Approximately 1,050,508 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 6,793,007 shares. The stock had previously closed at $1.46.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Laser Photonics in a research report on Monday, July 6th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Laser Photonics Stock Down 0.4%

The stock has a market cap of $70.50 million, a P/E ratio of -0.79 and a beta of 2.39. The company’s 50 day moving average price is $1.29 and its 200-day moving average price is $1.24.

Laser Photonics (NASDAQ:LASE) last posted its quarterly earnings data on Friday, August 14th. The company reported ($0.08) earnings per share for the quarter. The company had revenue of $1.81 million during the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in LASE. BlackRock Inc. bought a new stake in Laser Photonics in the second quarter worth approximately $334,000. Jones Financial Companies Lllp lifted its holdings in shares of Laser Photonics by 7,350.8% in the first quarter. Jones Financial Companies Lllp now owns 149,017 shares of the company’s stock valued at $457,000 after purchasing an additional 147,017 shares in the last quarter. L1 Global Manager Pty Ltd bought a new position in Laser Photonics during the 4th quarter valued at $339,000. Geode Capital Management LLC boosted its holdings in Laser Photonics by 94.8% during the fourth quarter. Geode Capital Management LLC now owns 143,985 shares of the company’s stock worth $356,000 after purchasing an additional 70,065 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Laser Photonics in the 4th quarter worth approximately $134,000. 1.90% of the stock is owned by institutional investors.

Laser Photonics Company Profile

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.