Lasertec (OTCMKTS:LSRCY) Shares Gap Down – Here’s Why

Lasertec Co. (OTCMKTS:LSRCY)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $59.00, but opened at $55.60. Lasertec shares last traded at $54.90, with a volume of 3,037 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Lasertec from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company has a consensus rating of “Strong Buy”.

Lasertec Trading Down 5.7%

The firm has a fifty day moving average price of $55.63 and a 200 day moving average price of $48.78.

Lasertec Company Profile

Lasertec Corporation, trading in the U.S. OTC market under the symbol LSRCY, is a Tokyo-based manufacturer of advanced inspection and metrology equipment for the global semiconductor and flat panel display industries. The company specializes in laser-based defect inspection and measurement systems that help wafer fabs, mask shops and device manufacturers maintain high yield and quality control throughout photomask, reticle, wafer and display production processes.

Lasertec’s product portfolio includes high-resolution reticle and mask inspection systems, wafer defect inspection tools and overlay metrology equipment.