Lightwave Logic (NASDAQ:LWLG) Downgraded to Strong Sell Rating by Wall Street Zen

Wall Street Zen downgraded shares of Lightwave Logic (NASDAQ:LWLG) from a sell rating to a strong sell rating in a research report released 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 analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Lightwave Logic has a consensus rating of “Sell”.

Lightwave Logic Stock Performance

Shares of NASDAQ:LWLG opened at $5.35 on Friday. The stock has a market capitalization of $824.81 million, a price-to-earnings ratio of -33.44 and a beta of 2.41. Lightwave Logic has a 1-year low of $2.84 and a 1-year high of $18.71. The company’s fifty day moving average is $6.69 and its two-hundred day moving average is $8.56.

Lightwave Logic (NASDAQ:LWLG) last posted its quarterly 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 business had revenue of $0.03 million during the quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Lightwave Logic in the second quarter valued at approximately $116,413,000. Vanguard Group Inc. grew its holdings in Lightwave Logic by 3.4% in the 3rd quarter. Vanguard Group Inc. now owns 9,122,676 shares of the company’s stock worth $33,845,000 after buying an additional 296,908 shares in the last quarter. Alyeska Investment Group L.P. bought a new position in Lightwave Logic in the 4th quarter worth approximately $5,508,000. Geode Capital Management LLC increased its position in Lightwave Logic by 7.7% in the 4th quarter. Geode Capital Management LLC now owns 1,694,599 shares of the company’s stock valued at $5,493,000 after acquiring an additional 120,454 shares during the period. Finally, California State Teachers Retirement System acquired a new stake in Lightwave Logic in the 2nd quarter valued at approximately $15,323,000. Institutional investors 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.