Stock Traders Purchase Large Volume of Laser Photonics Call Options (NASDAQ:LASE)

Laser Photonics Co. (NASDAQ:LASE) saw some unusual options trading on Tuesday. Stock investors bought 4,324 call options on the stock. This is an increase of 399% compared to the average volume of 866 call options.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Laser Photonics in a report on Monday, March 23rd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Laser Photonics presently has an average rating of “Sell”.

Hedge Funds Weigh In On Laser Photonics

Several hedge funds and other institutional investors have recently made changes to their positions in the company. CIBC Private Wealth Group LLC lifted its position in shares of Laser Photonics by 500.0% in the third quarter. CIBC Private Wealth Group LLC now owns 6,000 shares of the company’s stock valued at $26,000 after acquiring an additional 5,000 shares in the last quarter. Millennium Management LLC purchased a new position in Laser Photonics during the fourth quarter worth approximately $41,000. Vanguard Group Inc. lifted its position in Laser Photonics by 7.7% during the third quarter. Vanguard Group Inc. now owns 333,347 shares of the company’s stock worth $1,437,000 after buying an additional 23,792 shares in the last quarter. Essex Investment Management Co. LLC purchased a new position in Laser Photonics during the third quarter worth approximately $118,000. Finally, XTX Topco Ltd purchased a new position in Laser Photonics during the fourth quarter worth approximately $134,000. Hedge funds and other institutional investors own 1.90% of the company’s stock.

Laser Photonics Price Performance

NASDAQ LASE opened at $3.13 on Thursday. The company has a market cap of $102.05 million, a PE ratio of -1.77 and a beta of 2.59. The stock’s 50 day simple moving average is $1.00 and its 200-day simple moving average is $1.61. Laser Photonics has a 1-year low of $0.38 and a 1-year high of $6.77.

Laser Photonics Company Profile

Laser Photonics Corporation (NASDAQ: LASE) is a technology company that designs, manufactures and markets high‐power fiber‐optic laser solutions and high‐speed optical communication modules. Headquartered in Orlando, Florida, it serves a variety of industrial and telecommunications markets worldwide. The company’s operations are organized into two principal segments: Laser Products and Optical Communications.

In its Laser Products segment, Laser Photonics develops and produces a range of fiber‐optic lasers tailored for material processing applications.