Lasertec (OTCMKTS:LSRCY) Stock Price Up 10% – Should You Buy?

Lasertec Co. (OTCMKTS:LSRCY) was up 10% during mid-day trading on Monday . The company traded as high as $52.61 and last traded at $50.79. Approximately 9,603 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 100,275 shares. The stock had previously closed at $46.16.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Lasertec from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, Lasertec has a consensus rating of “Strong Buy”.

Lasertec Price Performance

The stock’s 50-day moving average price is $55.56 and its 200-day moving average price is $49.87.

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.