Lightwave Logic (NASDAQ:LWLG) Rating Increased to Hold at Wall Street Zen

Lightwave Logic (NASDAQ:LWLG) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

Lightwave Logic Trading Up 3.4%

Shares of NASDAQ LWLG opened at $2.15 on Friday. The company has a 50 day simple moving average of $1.70 and a two-hundred day simple moving average of $1.35. The stock has a market cap of $268.84 million, a price-to-earnings ratio of -11.94 and a beta of 2.43. Lightwave Logic has a 12 month low of $0.79 and a 12 month high of $4.23.

Lightwave Logic (NASDAQ:LWLG) last posted its earnings results on Thursday, August 14th. The company reported ($0.05) earnings per share (EPS) for the quarter. The business had revenue of $0.03 million for the quarter. Lightwave Logic had a negative net margin of 22,321.05% and a negative return on equity of 64.62%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. LPL Financial LLC grew its position in Lightwave Logic by 8.0% during the fourth quarter. LPL Financial LLC now owns 429,195 shares of the company’s stock valued at $901,000 after buying an additional 31,920 shares during the period. Geode Capital Management LLC raised its holdings in Lightwave Logic by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 2,867,308 shares of the company’s stock worth $6,023,000 after purchasing an additional 29,719 shares during the period. Wells Fargo & Company MN raised its holdings in Lightwave Logic by 40.8% in the 4th quarter. Wells Fargo & Company MN now owns 61,527 shares of the company’s stock worth $129,000 after purchasing an additional 17,838 shares during the period. Raymond James Financial Inc. purchased a new position in Lightwave Logic during the fourth quarter worth approximately $34,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in Lightwave Logic by 27.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 165,768 shares of the company’s stock valued at $349,000 after purchasing an additional 35,433 shares during the period. 27.04% of the stock is currently owned by hedge funds and other institutional investors.

Lightwave Logic Company Profile

Lightwave Logic, Inc focuses on the development of photonic devices and electro-optical polymer materials systems for fiber-optic data communications, telecommunications, 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.