Lasertec (OTCMKTS:LSRCY) Sees Large Volume Increase – Still a Buy?

Lasertec Co. (OTCMKTS:LSRCY) shares saw an uptick in trading volume on Thursday. Approximately 529,420 shares were traded during mid-day trading, an increase of 385% from the average daily volume of 109,048 shares. The stock last traded at $44.44 and had previously closed at $43.52.

Analyst Upgrades and Downgrades

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

Lasertec Price Performance

The stock’s 50-day moving average price is $50.03 and its 200-day moving average price is $49.62.

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.