Lightwave Logic Inc. (NASDAQ:LWLG - Get Free Report)'s share price fell 10.7% during mid-day trading on Friday . The stock traded as low as $1.92 and last traded at $2.08. 1,975,665 shares changed hands during mid-day trading, a decline of 1% from the average session volume of 1,994,872 shares. The stock had previously closed at $2.33.
Lightwave Logic Trading Up 0.2%
The firm's fifty day moving average price is $1.53 and its 200-day moving average price is $1.34. The firm has a market cap of $256.96 million, a price-to-earnings ratio of -11.42 and a beta of 2.43.
Lightwave Logic (NASDAQ:LWLG - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported ($0.04) earnings per share for the quarter. The business had revenue of $0.02 million for the quarter. Lightwave Logic had a negative return on equity of 64.31% and a negative net margin of 24,492.05%.
Institutional Trading of Lightwave Logic
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Nuveen LLC purchased a new position in Lightwave Logic during the 1st quarter valued at about $315,000. Y Intercept Hong Kong Ltd purchased a new position in Lightwave Logic during the 2nd quarter valued at about $340,000. Millennium Management LLC purchased a new position in Lightwave Logic during the 4th quarter valued at about $364,000. ExodusPoint Capital Management LP increased its holdings in Lightwave Logic by 1,465.4% during the 4th quarter. ExodusPoint Capital Management LP now owns 173,842 shares of the company's stock valued at $365,000 after acquiring an additional 162,737 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in Lightwave Logic by 141.0% during the 4th quarter. Jane Street Group LLC now owns 275,062 shares of the company's stock valued at $578,000 after acquiring an additional 160,921 shares in the last quarter. Institutional investors and hedge funds own 27.04% of the company's stock.
About Lightwave Logic
(
Get Free Report)
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.
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