Lightwave Logic (NASDAQ:LWLG) Shares Down 10.7% - Here's Why

Key Points

• Lightwave Logic's stock fell 10.7% during mid-day trading, reaching a low of $1.92 before closing at $2.08.
• The company reported a loss of $0.04 per share for its last quarterly earnings, with a negative net margin of 24,492.05%.
• Institutional investors have shown interest, as evidenced by Vanguard Personalized Indexing Management increasing its holdings by 18.2% in the second quarter.

Lightwave Logic Inc. (NASDAQ:LWLG - Get Free Report)'s share price was down 10.7% during trading on Friday . The stock traded as low as $1.92 and last traded at $2.08. Approximately 1,975,665 shares traded hands during trading, a decline of 1% from the average daily volume of 1,994,872 shares. The stock had previously closed at $2.33.

Lightwave Logic Stock Performance

The company's 50 day simple moving average is $1.49 and its 200 day simple moving average is $1.33.

Lightwave Logic (NASDAQ:LWLG - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $0.02 million during 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

Large investors have recently modified their holdings of the company. Two Sigma Securities LLC bought a new position in Lightwave Logic during the 4th quarter valued at about $25,000. BNP Paribas Financial Markets acquired a new stake in shares of Lightwave Logic during the 4th quarter worth approximately $32,000. Raymond James Financial Inc. acquired a new position in Lightwave Logic during the fourth quarter valued at approximately $34,000. Ameriprise Financial Inc. acquired a new position in Lightwave Logic during the fourth quarter valued at approximately $35,000. Finally, Boothbay Fund Management LLC acquired a new position in Lightwave Logic during the fourth quarter valued at approximately $41,000. 27.04% of the stock is owned by institutional investors.

Lightwave Logic Company Profile

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.