Lightwave Logic (NASDAQ:LWLG) Cut to “Strong Sell” at Wall Street Zen

Wall Street Zen lowered shares of Lightwave Logic (NASDAQ:LWLG) from a sell rating to a strong sell rating in a research report released on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Lightwave Logic in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Lightwave Logic Trading Down 1.1%

Shares of Lightwave Logic stock opened at $5.43 on Friday. The company has a fifty day simple moving average of $6.95 and a 200-day simple moving average of $8.51. Lightwave Logic has a 12-month low of $2.84 and a 12-month high of $18.71. The stock has a market cap of $837.14 million, a price-to-earnings ratio of -33.94 and a beta of 2.49.

Lightwave Logic (NASDAQ:LWLG) last posted its earnings results on Friday, August 14th. The company reported ($0.04) EPS for the quarter. Lightwave Logic had a negative net margin of 9,143.60% and a negative return on equity of 30.34%. The company had revenue of $0.03 million during the quarter.

Institutional Investors Weigh In On Lightwave Logic

Several large investors have recently modified their holdings of the company. Farther Finance Advisors LLC grew its position in shares of Lightwave Logic by 50.1% during the fourth quarter. Farther Finance Advisors LLC now owns 9,155 shares of the company’s stock worth $30,000 after acquiring an additional 3,055 shares during the last quarter. Jefferies Financial Group Inc. raised its position in Lightwave Logic by 11.1% in the 4th quarter. Jefferies Financial Group Inc. now owns 38,765 shares of the company’s stock valued at $126,000 after purchasing an additional 3,865 shares during the last quarter. Greenspring Advisors LLC raised its position in Lightwave Logic by 7.5% in the 4th quarter. Greenspring Advisors LLC now owns 71,725 shares of the company’s stock valued at $232,000 after purchasing an additional 5,000 shares during the last quarter. Ancora Advisors LLC boosted its stake in Lightwave Logic by 292.1% during the 2nd quarter. Ancora Advisors LLC now owns 7,571 shares of the company’s stock worth $72,000 after purchasing an additional 5,640 shares during the period. Finally, Osaic Holdings Inc. boosted its stake in Lightwave Logic by 14.0% during the 2nd quarter. Osaic Holdings Inc. now owns 59,392 shares of the company’s stock worth $74,000 after purchasing an additional 7,282 shares during the period. 27.04% of the stock is owned by institutional investors and hedge funds.

About Lightwave Logic

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.