Laser Photonics (NASDAQ:LASE) Trading Up 4% – Still a Buy?

Laser Photonics Co. (NASDAQ:LASE) shares shot up 4% during trading on Monday . The stock traded as high as $3.65 and last traded at $3.63. 111,855 shares changed hands during trading, a decline of 92% from the average session volume of 1,466,896 shares. The stock had previously closed at $3.49.

Laser Photonics Price Performance

The company has a market cap of $45.78 million, a PE ratio of -7.52 and a beta of 3.69. The stock has a 50 day simple moving average of $4.11 and a two-hundred day simple moving average of $5.84.

Institutional Trading of Laser Photonics

Large investors have recently bought and sold shares of the business. Renaissance Technologies LLC purchased a new stake in shares of Laser Photonics in the fourth quarter valued at about $134,000. Geode Capital Management LLC increased its position in Laser Photonics by 30.1% in the 4th quarter. Geode Capital Management LLC now owns 78,939 shares of the company’s stock valued at $456,000 after acquiring an additional 18,283 shares during the period. Virtu Financial LLC purchased a new stake in Laser Photonics during the 4th quarter valued at approximately $69,000. Commonwealth Equity Services LLC acquired a new stake in Laser Photonics during the 4th quarter worth approximately $108,000. Finally, Spire Wealth Management purchased a new position in shares of Laser Photonics in the 4th quarter valued at approximately $81,000. Institutional investors and hedge funds own 1.90% of the company’s stock.

Laser Photonics Company Profile

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.