Laser Photonics (NASDAQ:LASE) Trading Down 1.5%

Laser Photonics Co. (NASDAQ:LASE) dropped 1.5% during trading on Tuesday . The company traded as low as $1.92 and last traded at $1.93. Approximately 15,660 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 1,299,107 shares. The stock had previously closed at $1.96.

Laser Photonics Price Performance

The company has a market capitalization of $17.89 million, a PE ratio of -8.04 and a beta of 3.26. The firm has a 50-day moving average of $2.10 and a 200 day moving average of $1.56.

Laser Photonics (NASDAQ:LASE) last posted its earnings results on Tuesday, May 14th. The company reported ($0.06) earnings per share for the quarter. The business had revenue of $0.74 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Laser Photonics stock. Virtu Financial LLC acquired a new position in Laser Photonics Co. (NASDAQ:LASE) during the 1st quarter, according to the company in its most recent disclosure 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 as of its most recent SEC filing. Institutional investors own 1.90% of the company’s stock.

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.