Geode Capital Management LLC Acquires 21,106 Shares of Laser Photonics Co. (NASDAQ:LASE)

Geode Capital Management LLC lifted its holdings in Laser Photonics Co. (NASDAQ:LASE) by 53.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,656 shares of the company’s stock after buying an additional 21,106 shares during the quarter. Geode Capital Management LLC owned approximately 0.40% of Laser Photonics worth $989,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. XTX Topco Ltd purchased a new stake in shares of Laser Photonics during the second quarter valued at approximately $32,000. Jane Street Group LLC bought a new position in Laser Photonics in the 3rd quarter valued at approximately $577,000. Finally, Anson Funds Management LP bought a new stake in shares of Laser Photonics in the 3rd quarter worth $4,077,000. 1.90% of the stock is currently owned by hedge funds and other institutional investors.

Laser Photonics Stock Performance

LASE opened at $5.17 on Friday. The firm’s 50 day simple moving average is $5.55 and its two-hundred day simple moving average is $5.25. Laser Photonics Co. has a 1-year low of $0.98 and a 1-year high of $19.80. The company has a market capitalization of $71.51 million, a PE ratio of -11.75 and a beta of 3.53.

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.