Lasertec (OTCMKTS:LSRCY) Trading Down 6.4% – Here’s What Happened

Lasertec Co. (OTCMKTS:LSRCY)’s stock price dropped 6.4% during mid-day trading on Wednesday . The company traded as low as $45.3550 and last traded at $45.3550. Approximately 17,243 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 106,123 shares. The stock had previously closed at $48.47.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Lasertec to a “hold” rating in a research note on Friday, April 10th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Lasertec currently has an average rating of “Hold”.

Lasertec Trading Up 1.4%

The company’s 50-day moving average price is $49.43 and its 200-day moving average price is $43.40.

About Lasertec

Lasertec Corporation, trading in the U.S. OTC market under the symbol LSRCY, is a Tokyo-based manufacturer of advanced inspection and metrology equipment for the global semiconductor and flat panel display industries. The company specializes in laser-based defect inspection and measurement systems that help wafer fabs, mask shops and device manufacturers maintain high yield and quality control throughout photomask, reticle, wafer and display production processes.

Lasertec’s product portfolio includes high-resolution reticle and mask inspection systems, wafer defect inspection tools and overlay metrology equipment.