Lightwave Logic (NASDAQ:LWLG) Shares Up 3.4% – Time to Buy?

Lightwave Logic, Inc. (NASDAQ:LWLG)’s share price rose 3.4% during trading on Monday . The company traded as high as $1.22 and last traded at $1.21. Approximately 778,146 shares changed hands 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 Down 3.6 %

The company has a market cap of $165.20 million, a P/E ratio of -7.50 and a beta of 2.08. The business has a fifty day simple moving average of $1.71 and a two-hundred day simple moving average of $2.44.

Hedge Funds Weigh In On Lightwave Logic

Several institutional investors have recently made changes to their positions in the business. Creative Planning bought a new stake in Lightwave Logic during the third quarter valued at approximately $60,000. Intech Investment Management LLC purchased a new position in shares of Lightwave Logic during the 3rd quarter worth $61,000. Charles Schwab Investment Management Inc. grew its position in shares of Lightwave Logic by 9.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,031,361 shares of the company’s stock valued at $2,847,000 after acquiring an additional 90,609 shares during the period. State Street Corp increased its stake in shares of Lightwave Logic by 2.6% in the 3rd quarter. State Street Corp now owns 2,683,519 shares of the company’s stock worth $7,407,000 after purchasing an additional 68,056 shares in the last quarter. Finally, Barclays PLC raised its holdings in Lightwave Logic by 283.9% in the 3rd quarter. Barclays PLC now owns 211,403 shares of the company’s stock worth $584,000 after purchasing an additional 156,333 shares during the period. Institutional investors own 27.04% of the company’s stock.

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.