Laser Photonics (NASDAQ:LASE) Shares Up 4% – Should You Buy?

Laser Photonics Co. (NASDAQ:LASE) traded up 4% during mid-day trading on Monday . The company 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 Stock Up 4.0 %

The firm has a market cap of $50.21 million, a P/E ratio of -8.25 and a beta of 3.69. The firm’s 50-day simple moving average is $4.14 and its 200 day simple moving average is $5.86.

Institutional Investors Weigh In On Laser Photonics

Several large investors have recently modified their holdings of the stock. Renaissance Technologies LLC bought a new position in Laser Photonics during the fourth quarter valued at $134,000. Geode Capital Management LLC lifted its position in shares of Laser Photonics by 30.1% during the 4th quarter. Geode Capital Management LLC now owns 78,939 shares of the company’s stock valued at $456,000 after buying an additional 18,283 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Laser Photonics during the 4th quarter worth $69,000. Commonwealth Equity Services LLC purchased a new stake in Laser Photonics in the 4th quarter worth about $108,000. Finally, Spire Wealth Management bought a new stake in Laser Photonics in the 4th quarter valued at about $81,000. Hedge funds and other 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.