Geode Capital Management LLC Increases Position in Laser Photonics Co. (NASDAQ:LASE)

Geode Capital Management LLC lifted its position in shares of Laser Photonics Co. (NASDAQ:LASE) by 53.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 60,656 shares of the company’s stock after purchasing an additional 21,106 shares during the period. Geode Capital Management LLC’s holdings in Laser Photonics were worth $989,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Anson Funds Management LP purchased a new stake in shares of Laser Photonics during the 3rd quarter worth approximately $4,077,000. Jane Street Group LLC purchased a new position in shares of Laser Photonics in the 3rd quarter valued at $577,000. Finally, XTX Topco Ltd acquired a new stake in Laser Photonics during the 2nd quarter worth $32,000. Institutional investors and hedge funds own 1.90% of the company’s stock.

Laser Photonics Price Performance

NASDAQ LASE opened at $5.17 on Friday. The company has a fifty day moving average of $5.55 and a two-hundred day moving average of $5.25. Laser Photonics Co. has a 1 year low of $0.98 and a 1 year high of $19.80. The company has a market capitalization of $71.51 million, a PE ratio of -11.75 and a beta of 3.53.

About Laser Photonics

Laser Photonics Corporation provides integrated laser blasting solutions for corrosion control, rust removal, de-coating, pre- and post-welding, laser cleaning, and surface conditioning in the Americas, Europe, Asia, the Middle East, and North Africa. It offers laser cleaning systems, such as CleanTech Titan FX for cleaning, rust removal, and surface conditioning; CleanTech Titan Express, a high-power fiber laser for cleaning and surface conditioning; CleanTech MegaCenter, an industrial-grade laser parts cleaning, rust removal, and surface conditioning system; CleanTech Handheld LPC-50-CTHD, an entry-level dual axis laser cleaning and surface treatment system; CleanTech Handheld LPC-100-CTHD, an air-cooled pulsed laser systems; CleanTech Handheld LPC-200-CTHD for cleaning rust, remove paints, and other coatings; CleanTech Handheld LPC-300-CTHD, a air-cooled laser system; CleanTech Handheld LPC-1000-CTHS, a single axis laser cleaning and surface treatment system; CleanTech Handheld LPC-1000-CTHD, a portable handheld roughing laser cleaner; CleanTech Handheld-1500-CTHS, an handheld laser cleaning, roughing, and surface preparation system; CleanTech Handheld-1500-CTHD, a dual axis fiber laser system; CleanTech Handheld LPC-2000-CTHD for cleaning rust and remove coatings; CleanTech LPC-3000-CTHD for cleaning and removing rust, corrosion, and other materials; CleanTech Laser Blaster Cabinet, a laser cleaning machine; CleanTech Robotic Cell Enclosure, an AI-capable laser cleaning system that eliminates the concerns over human hazard and eye safety; CleanTech EZ- Rider, a laser cleaning tool; and CleanTech Robot, an industrial robotic laser cleaning system.