Lightwave Logic (NASDAQ:LWLG) Trading 5.1% Higher

Shares of Lightwave Logic, Inc. (NASDAQ:LWLG) traded up 5.1% on Friday . The company traded as high as $4.53 and last traded at $4.52. 154,320 shares traded hands during trading, a decline of 77% from the average session volume of 667,200 shares. The stock had previously closed at $4.30.

Lightwave Logic Stock Performance

The company has a market cap of $546.20 million, a price-to-earnings ratio of -26.05 and a beta of 2.21. The firm’s 50-day moving average price is $4.87 and its 200 day moving average price is $5.96.

Lightwave Logic (NASDAQ:LWLG) last announced its quarterly earnings data on Wednesday, August 9th. The company reported ($0.05) EPS for the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Legal & General Group Plc raised its stake in shares of Lightwave Logic by 4.1% in the 4th quarter. Legal & General Group Plc now owns 43,133 shares of the company’s stock valued at $186,000 after purchasing an additional 1,693 shares during the period. Credit Suisse AG raised its position in Lightwave Logic by 2.3% in the 3rd quarter. Credit Suisse AG now owns 77,684 shares of the company’s stock valued at $570,000 after buying an additional 1,762 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Lightwave Logic by 2.0% in the 3rd quarter. Alliancebernstein L.P. now owns 112,400 shares of the company’s stock valued at $825,000 after acquiring an additional 2,200 shares in the last quarter. Kestra Advisory Services LLC boosted its position in Lightwave Logic by 5.8% during the 2nd quarter. Kestra Advisory Services LLC now owns 40,953 shares of the company’s stock worth $285,000 after acquiring an additional 2,250 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Lightwave Logic by 17.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,087 shares of the company’s stock worth $95,000 after acquiring an additional 2,692 shares in the last quarter. 26.11% of the stock is owned by institutional investors and hedge funds.

Lightwave Logic Company Profile

Lightwave Logic, Inc, a development stage company, focuses on the development of photonic devices and non-linear optical polymer materials systems for fiber-optic data communications and optical computing markets in the United States. The company is involved in the designing and synthesizing of organic chromophores for use in its electro-optic polymer systems and photonic device designs.