Lightwave Logic (NASDAQ:LWLG) Releases Quarterly Earnings Results

Lightwave Logic (NASDAQ:LWLG) announced its earnings results on Tuesday. The company reported ($0.05) EPS for the quarter, Zacks reports. Lightwave Logic had a negative return on equity of 61.49% and a negative net margin of 19,416.81%.

Lightwave Logic Price Performance

Shares of Lightwave Logic stock traded up $0.06 on Tuesday, hitting $1.12. 670,789 shares of the company’s stock traded hands, compared to its average volume of 732,215. Lightwave Logic has a one year low of $1.00 and a one year high of $4.82. The firm’s 50-day moving average price is $1.63 and its two-hundred day moving average price is $2.39. The stock has a market capitalization of $137.06 million, a PE ratio of -6.22 and a beta of 2.08.

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.