Investors Purchase High Volume of Laser Photonics Call Options (NASDAQ:LASE)

Laser Photonics Co. (NASDAQ:LASE) was the recipient of some unusual options trading activity on Monday. Investors bought 7,878 call options on the company. This represents an increase of approximately 74% compared to the average volume of 4,539 call options.

Laser Photonics Stock Up 5.5%

Shares of LASE opened at $1.15 on Wednesday. The business’s 50 day moving average price is $1.62 and its 200-day moving average price is $1.37. Laser Photonics has a 52 week low of $0.38 and a 52 week high of $6.77. The stock has a market cap of $54.80 million, a P/E ratio of -0.64 and a beta of 2.27.

Laser Photonics (NASDAQ:LASE) last posted its quarterly earnings results on Thursday, June 11th. The company reported ($0.16) earnings per share for the quarter. The company had revenue of $0.92 million during the quarter.

Institutional Investors Weigh In On Laser Photonics

A number of institutional investors have recently modified their holdings of the stock. XTX Topco Ltd bought a new position in shares of Laser Photonics during the fourth quarter valued at $134,000. Millennium Management LLC bought a new position in Laser Photonics in the 4th quarter worth about $41,000. L1 Global Manager Pty Ltd purchased a new stake in Laser Photonics during the 4th quarter valued at about $339,000. Geode Capital Management LLC grew its position in Laser Photonics by 94.8% during the 4th quarter. Geode Capital Management LLC now owns 143,985 shares of the company’s stock valued at $356,000 after purchasing an additional 70,065 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its stake in Laser Photonics by 500.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 6,000 shares of the company’s stock valued at $26,000 after purchasing an additional 5,000 shares in the last quarter. 1.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Laser Photonics in a research note on Monday, July 6th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Laser Photonics presently has an average rating of “Sell”.

About Laser Photonics

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.