New Order Announcement Sent This Micro Cap Soaring On Tuesday

It didn’t take long for traders to notice a certain Florida-based industrial company after it was announced that L3Harris Technologies Inc. (NYSE:LHX) placed an order for the company’s LaserTower COMPACT marking and engraving system.

Shares of the company in the spotlight, Laser Photonics Corporation (Nasdaq:LASE), were quickly snatched up by traders, with shares of the micro cap currently trading around $2.63/share (+83.92%) at the time of writing. This major gap up is a strong continuation of the success this stock has had so far this year. 

Laser Photonics Corp is an integrated manufacturing company for photonics-based industrial products and solutions, primarily laser cleaning technologies. Its laser-blasting technologies are focused on disrupting the sandblasting and abrasives blasting markets. The company offers a portfolio of integrated laser-blasting solutions for corrosion control, rust removal, de-coating, pre-welding and post-welding, laser cleaning, and surface conditioning. Its laser-blasting solutions are applicable in every industry dealing with materials processing, including automotive, aerospace, healthcare, consumer products, shipbuilding, aerospace, heavy industry, machine manufacturing, nuclear maintenance and de-commissioning, and surface coating.

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