Lightwave Logic (NASDAQ:LWLG) Trading Up 12.5%

Lightwave Logic, Inc. (NASDAQ:LWLG)’s stock price was up 12.5% during mid-day trading on Tuesday . The company traded as high as $4.16 and last traded at $4.15. Approximately 1,113,520 shares changed hands during mid-day trading, an increase of 66% from the average daily volume of 670,822 shares. The stock had previously closed at $3.69.

Lightwave Logic Stock Performance

The company has a market capitalization of $453.94 million, a price-to-earnings ratio of -21.00 and a beta of 2.07. The business has a 50 day moving average price of $3.31 and a 200-day moving average price of $3.94.

Lightwave Logic (NASDAQ:LWLG) last announced its quarterly earnings data on Friday, May 10th. The company reported ($0.05) earnings per share (EPS) for the quarter. The firm had revenue of $0.03 million during the quarter.

Institutional Trading of Lightwave Logic

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Lightwave Logic by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 8,527,463 shares of the company’s stock valued at $39,909,000 after buying an additional 140,851 shares in the last quarter. SG Americas Securities LLC increased its holdings in Lightwave Logic by 364.5% during the 4th quarter. SG Americas Securities LLC now owns 409,213 shares of the company’s stock worth $2,038,000 after purchasing an additional 321,123 shares in the last quarter. UMB Bank n.a. increased its holdings in Lightwave Logic by 1.6% during the 4th quarter. UMB Bank n.a. now owns 315,092 shares of the company’s stock worth $1,569,000 after purchasing an additional 5,000 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Lightwave Logic by 3.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 265,394 shares of the company’s stock worth $1,322,000 after purchasing an additional 9,090 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its holdings in Lightwave Logic by 2.6% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 111,314 shares of the company’s stock worth $498,000 after purchasing an additional 2,825 shares in the last quarter. 27.04% of the stock is owned by 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.