Lightwave Logic Inc. (NASDAQ:LWLG – Get Free Report) shares fell 7% during trading on Thursday . The company traded as low as $7.54 and last traded at $7.4480. Approximately 2,162,957 shares were traded during trading, a decline of 59% from the average daily volume of 5,303,949 shares. The stock had previously closed at $8.01.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the company. Wall Street Zen cut Lightwave Logic from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Weiss Ratings reissued a “sell (e+)” rating on shares of Lightwave Logic in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Lightwave Logic currently has an average rating of “Sell”.
Get Our Latest Stock Report on LWLG
Lightwave Logic Stock Performance
Lightwave Logic (NASDAQ:LWLG – Get Free Report) last announced its earnings results on Friday, May 15th. The company reported ($0.04) EPS for the quarter. Lightwave Logic had a negative net margin of 9,019.34% and a negative return on equity of 38.79%. The company had revenue of $0.03 million for the quarter.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. boosted its position in shares of Lightwave Logic by 159.4% in the second quarter. Envestnet Asset Management Inc. now owns 56,952 shares of the company’s stock worth $71,000 after acquiring an additional 35,000 shares during the last quarter. XTX Topco Ltd increased its position in Lightwave Logic by 183.6% during the second quarter. XTX Topco Ltd now owns 56,610 shares of the company’s stock worth $70,000 after purchasing an additional 36,649 shares during the last quarter. Marshall Wace LLP purchased a new position in Lightwave Logic during the second quarter worth approximately $458,000. Jump Financial LLC purchased a new position in Lightwave Logic during the second quarter worth approximately $56,000. Finally, WINTON GROUP Ltd acquired a new position in shares of Lightwave Logic in the 2nd quarter valued at $39,000. 27.04% of the stock is currently owned by hedge funds and other institutional investors.
Lightwave Logic Company Profile
Lightwave Logic, Inc (NASDAQ: LWLG) is a U.S.-based photonics company focused on the development and commercialization of proprietary electro‐optic polymer materials and devices for high-speed optical communications. The company’s core technology platform centers on organic electro-optic polymers that offer low drive voltage, high modulation bandwidth and integration flexibility, enabling next-generation optical interconnects for data centers, telecommunications and emerging photonic computing architectures.
Lightwave Logic’s product pipeline includes modulators, waveguides and integrated photonic components designed to outperform traditional lithium-niobate and silicon-based solutions in terms of size, power consumption and ease of integration.
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