Lasertec (OTCMKTS:LSRCY) Stock Jumps 7.5% – Still a Buy?

Lasertec Co. (OTCMKTS:LSRCY) shares traded up 7.5% during mid-day trading on Tuesday. The stock traded as high as $44.23 and last traded at $44.23. 15,749 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 108,618 shares. The stock had previously closed at $41.13.

Analysts Set New Price Targets

Separately, Zacks Research lowered Lasertec from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Lasertec Stock Performance

The company has a 50 day moving average price of $49.85 and a 200-day moving average price of $49.64.

About Lasertec

Lasertec Corporation is a Japan-based developer and manufacturer of inspection and measurement equipment. The company serves the semiconductor industry with systems used to detect and analyze defects in photomasks, mask blanks and silicon wafers, including equipment designed for extreme ultraviolet (EUV) lithography processes.

Its product range also includes inspection and measurement systems for other industrial applications, as well as laser microscopes. Lasertec’s equipment helps semiconductor manufacturers and related businesses monitor materials and processes where small defects can affect production quality.

Founded in 1960, Lasertec serves customers internationally through its global sales and support operations.