Lasertec (OTCMKTS:LSRCY) Stock Price Down 16.4% – Here’s What Happened

Lasertec Co. (OTCMKTS:LSRCYGet Free Report)’s stock price was down 16.4% during mid-day trading on Friday . The stock traded as low as $48.00 and last traded at $48.4684. Approximately 7,808 shares traded hands during trading, a decline of 92% from the average daily volume of 99,850 shares. The stock had previously closed at $58.00.

Analysts Set New Price Targets

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

Get Our Latest Analysis on LSRCY

Lasertec Stock Performance

The firm’s 50 day simple moving average is $55.67 and its 200 day simple moving average is $49.99.

About Lasertec

(Get Free Report)

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.

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