Lightwave Logic (NASDAQ:LWLG) Research Coverage Started at Freedom Broker

Freedom Broker initiated coverage on shares of Lightwave Logic (NASDAQ:LWLG) in a research note issued to investors on Thursday, MarketBeat reports. The brokerage issued a buy rating and a $10.00 price target on the stock.

A number of other equities research analysts have also recently weighed in on LWLG. Weiss Ratings restated a “sell (e+)” rating on shares of Lightwave Logic in a research note on Friday, July 17th. Wall Street Zen downgraded shares of Lightwave Logic from a “sell” rating to a “strong sell” rating in a report on Sunday, September 6th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Lightwave Logic presently has an average rating of “Hold” and an average target price of $10.00.

Lightwave Logic Stock Performance

Lightwave Logic stock opened at $5.09 on Thursday. Lightwave Logic has a 52 week low of $2.84 and a 52 week high of $18.71. The stock has a market capitalization of $785.19 million, a P/E ratio of -31.83 and a beta of 2.41. The stock has a 50-day simple moving average of $6.18 and a 200 day simple moving average of $8.61.

Lightwave Logic (NASDAQ:LWLG) last released its quarterly earnings data on Friday, August 14th. The company reported ($0.04) earnings per share (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 Trading of Lightwave Logic

A number of institutional investors have recently modified their holdings of the stock. Engineers Gate Manager LP bought a new position in shares of Lightwave Logic in the second quarter worth $136,000. Squarepoint Ops LLC lifted its position in Lightwave Logic by 5.7% during the second quarter. Squarepoint Ops LLC now owns 200,704 shares of the company’s stock worth $1,899,000 after purchasing an additional 10,818 shares during the period. Arizona State Retirement System acquired a new stake in Lightwave Logic during the second quarter worth about $393,000. Wedmont Private Capital acquired a new stake in Lightwave Logic during the second quarter worth about $203,000. Finally, Ancora Advisors LLC increased its holdings in Lightwave Logic by 292.1% in the 2nd quarter. Ancora Advisors LLC now owns 7,571 shares of the company’s stock valued at $72,000 after buying an additional 5,640 shares during the period. 27.04% of the stock is currently owned by institutional investors.

About Lightwave Logic

Lightwave Logic, Inc develops advanced photonic materials and devices designed to improve the speed, energy efficiency and performance of optical communications systems. The company’s core technology is based on electro-optic polymers, which can convert electrical signals into optical signals at high speeds.

Its product and technology portfolio includes proprietary organic nonlinear optical chromophores, polymer materials and polymer-based electro-optic modulators. These technologies are intended for applications such as data-center interconnects, telecommunications, high-performance computing and other systems that transmit large volumes of data using optical networks.

Founded in 1991 and headquartered in Englewood, Colorado, Lightwave Logic conducts research and development in the United States and works to support the adoption of its materials and devices through industry relationships and potential licensing or commercialization arrangements.