Equities research analysts at StockNews.com began coverage on shares of Luna Innovations (NASDAQ:LUNA - Get Free Report) in a note issued to investors on Friday. The brokerage set a "sell" rating on the scientific and technical instruments company's stock.
Luna Innovations Trading Up 2.0 %
Luna Innovations stock traded up $0.04 during mid-day trading on Friday, reaching $2.05. The company's stock had a trading volume of 211,118 shares, compared to its average volume of 260,409. Luna Innovations has a twelve month low of $1.43 and a twelve month high of $7.92. The business has a 50 day moving average price of $1.75 and a 200-day moving average price of $2.24. The firm has a market cap of $69.62 million, a price-to-earnings ratio of -25.63 and a beta of 1.62.
Institutional Investors Weigh In On Luna Innovations
Institutional investors and hedge funds have recently bought and sold shares of the business. Malaga Cove Capital LLC acquired a new stake in Luna Innovations in the third quarter worth $25,000. AQR Capital Management LLC acquired a new stake in shares of Luna Innovations in the 2nd quarter worth about $37,000. Point72 DIFC Ltd bought a new stake in Luna Innovations in the 2nd quarter valued at about $39,000. Cubist Systematic Strategies LLC bought a new stake in Luna Innovations in the 2nd quarter valued at about $48,000. Finally, SkyView Investment Advisors LLC acquired a new position in Luna Innovations during the 2nd quarter valued at about $60,000. Institutional investors and hedge funds own 87.46% of the company's stock.
Luna Innovations Company Profile
(
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Luna Innovations Incorporated provides fiber optic test, measurement, and control products worldwide. The company offers test and measurement equipment for fiber optic components and sub-assemblies; polarization control products, including components, modules, and instruments to measure, manage, and control polarization and group delay in fiber optic networks; tunable lasers; and single frequency lasers.
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