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

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

Wall Street Analysts Forecast Growth

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

Laser Photonics Stock Performance

Shares of NASDAQ LASE traded up $0.00 during trading hours on Monday, hitting $0.93. The stock had a trading volume of 1,223,961 shares, compared to its average volume of 7,660,424. The firm’s 50-day moving average price is $1.61 and its two-hundred day moving average price is $1.39. Laser Photonics has a 52 week low of $0.38 and a 52 week high of $6.77. The company has a market capitalization of $44.31 million, a P/E ratio of -0.51 and a beta of 2.27.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Jones Financial Companies Lllp increased its holdings in shares of Laser Photonics by 7,350.8% during the 1st quarter. Jones Financial Companies Lllp now owns 149,017 shares of the company’s stock valued at $457,000 after acquiring an additional 147,017 shares during the last quarter. L1 Global Manager Pty Ltd acquired a new stake in Laser Photonics in the 4th quarter worth approximately $339,000. Geode Capital Management LLC lifted its holdings in Laser Photonics by 94.8% in the 4th quarter. Geode Capital Management LLC now owns 143,985 shares of the company’s stock worth $356,000 after purchasing an additional 70,065 shares during the last quarter. XTX Topco Ltd bought a new stake in Laser Photonics during the fourth quarter worth approximately $134,000. Finally, Vanguard Group Inc. boosted 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 purchasing an additional 23,792 shares during the period. Institutional investors own 1.90% of the company’s stock.

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.