Laser Photonics (NASDAQ:LASE) Announces Quarterly Earnings Results

Laser Photonics (NASDAQ:LASE - Get Free Report) posted its quarterly earnings results on Monday. The company reported ($1.09) earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $0.92 million during the quarter.Get Laser Photonics alerts:Laser Photonics Trading Up 2.9%Shares of Laser Photonics stock traded up $0.08 during trading on Wednesday, reaching $2.71. The stock had a trading volume of 47,350 shares, compared to its average volume of 1,610,768. The company has a market capitalization of $60.80 million, a price-to-earnings ratio of -9.02 and a beta of 3.26. The stock has a fifty day moving average price of $3.25 and a two-hundred day moving average price of $3.20. Laser Photonics has a 52 week low of $1.71 and a 52 week high of $7.31. Institutional Trading of Laser PhotonicsA number of institutional investors have recently made changes to their positions in LASE. CIBC Private Wealth Group LLC grew its position in 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 purchasing an additional 5,000 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Laser Photonics by 7,350.9% during the first quarter. Jones Financial Companies Lllp now owns 149,017 shares of the company's stock valued at $457,000 after purchasing an additional 147,017 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Laser Photonics by 7.7% in the third quarter. Vanguard Group Inc. now owns 333,347 shares of the company's stock valued at $1,437,000 after purchasing an additional 23,792 shares in the last quarter. Institutional investors own 1.90% of the company's stock. Wall Street Analysts Forecast GrowthLASE has been the topic of several recent research reports. Weiss Ratings restated a "sell (d+)" rating on shares of Laser Photonics in a research report on Wednesday, October 8th. Wall Street Zen lowered Laser Photonics from a "hold" rating to a "sell" rating in a research report on Saturday, November 15th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of "Sell".View Our Latest Research Report on LASELaser Photonics Company Profile (Get Free Report)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.Further ReadingFive stocks we like better than Laser PhotonicsThe boring AI play that could pay up to $4,290 monthlyThe gift that keeps giving (just $1 today)The Best $1 You'll Spend This Holiday SeasonTrump Did WHAT??Put $1,000 into this stock by Jan 1 [Not NVDA]This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Laser Photonics Right Now?Before you consider Laser Photonics, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Laser Photonics wasn't on the list.While Laser Photonics currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here