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

Lightwave Logic (NASDAQ:LWLG) was downgraded by equities researchers at Wall Street Zen from a “sell” rating to a “strong sell” rating in a research note issued on Sunday, Wall Street Zen reports.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Lightwave Logic in a report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Lightwave Logic Stock Performance

Lightwave Logic stock opened at $5.35 on Friday. The firm has a market cap of $824.81 million, a P/E ratio of -33.44 and a beta of 2.41. The business’s fifty day moving average is $6.61 and its two-hundred day moving average is $8.57. Lightwave Logic has a 52 week low of $2.84 and a 52 week high of $18.71.

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

Institutional Investors Weigh In On Lightwave Logic

Several institutional investors have recently modified their holdings of LWLG. Farther Finance Advisors LLC raised its holdings in Lightwave Logic by 50.1% in the fourth quarter. Farther Finance Advisors LLC now owns 9,155 shares of the company’s stock worth $30,000 after purchasing an additional 3,055 shares during the period. Sherbrooke Park Advisers LLC bought a new position in shares of Lightwave Logic during the third quarter worth $38,000. WINTON GROUP Ltd acquired a new position in shares of Lightwave Logic in the 2nd quarter valued at $39,000. Hudson Bay Capital Management LP acquired a new position in shares of Lightwave Logic in the 2nd quarter valued at $40,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Lightwave Logic by 42.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 36,283 shares of the company’s stock valued at $45,000 after buying an additional 10,839 shares in the last quarter. Institutional investors and hedge funds own 27.04% of the company’s stock.

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.