Lightwave Logic (NASDAQ:LWLG) Upgraded at Wall Street Zen

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

Lightwave Logic Stock Performance

Shares of LWLG stock opened at $2.15 on Friday. The stock’s 50-day moving average is $1.70 and its two-hundred day moving average is $1.35. Lightwave Logic has a 1 year low of $0.79 and a 1 year high of $4.23. The firm has a market cap of $268.84 million, a price-to-earnings ratio of -11.94 and a beta of 2.43.

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

Hedge Funds Weigh In On Lightwave Logic

A number of hedge funds have recently modified their holdings of LWLG. Two Sigma Securities LLC purchased a new stake in Lightwave Logic in the 4th quarter valued at $25,000. BNP Paribas Financial Markets acquired a new position in Lightwave Logic in the fourth quarter valued at $32,000. Raymond James Financial Inc. acquired a new position in Lightwave Logic in the fourth quarter valued at $34,000. Ameriprise Financial Inc. purchased a new stake in shares of Lightwave Logic in the fourth quarter valued at about $35,000. Finally, WINTON GROUP Ltd acquired a new stake in shares of Lightwave Logic during the second quarter worth about $39,000. 27.04% of the stock is currently owned by hedge funds and other institutional investors.

About Lightwave Logic

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.