Lightwave Logic (NASDAQ:LWLG) Shares Up 3.4% – Should You Buy?

Lightwave Logic, Inc. (NASDAQ:LWLG) rose 3.4% on Monday . The company traded as high as $1.22 and last traded at $1.21. Approximately 778,146 shares were traded during trading, an increase of 5% from the average daily volume of 743,290 shares. The stock had previously closed at $1.17.

Lightwave Logic Stock Performance

The stock has a market capitalization of $148.07 million, a price-to-earnings ratio of -6.72 and a beta of 2.08. The business has a 50-day moving average of $1.75 and a 200-day moving average of $2.46.

Institutional Investors Weigh In On Lightwave Logic

Institutional investors and hedge funds have recently made changes to their positions in the stock. Two Sigma Securities LLC purchased a new position in shares of Lightwave Logic during the 4th quarter worth approximately $25,000. BNP Paribas Financial Markets acquired a new position in Lightwave Logic during the fourth quarter worth $32,000. Raymond James Financial Inc. purchased a new position in shares of Lightwave Logic during the fourth quarter worth $34,000. Ameriprise Financial Inc. acquired a new stake in shares of Lightwave Logic in the fourth quarter valued at $35,000. Finally, Boothbay Fund Management LLC acquired a new stake in shares of Lightwave Logic in the fourth quarter valued at $41,000. 27.04% of the stock is owned by hedge funds and other 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.