Luna Innovations Incorporated (NASDAQ:LUNA - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.55 and traded as low as $1.58. Luna Innovations shares last traded at $1.63, with a volume of 129,536 shares traded.
Analysts Set New Price Targets
Separately, StockNews.com initiated coverage on Luna Innovations in a research report on Saturday. They set a "sell" rating on the stock.
Check Out Our Latest Report on Luna Innovations
Luna Innovations Stock Up 3.8 %
The business's 50-day simple moving average is $1.88 and its two-hundred day simple moving average is $2.55. The stock has a market cap of $55.35 million, a P/E ratio of -20.38 and a beta of 1.63.
Institutional Trading of Luna Innovations
Hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its position in shares of Luna Innovations by 672.6% during the 1st quarter. BNP Paribas Financial Markets now owns 69,549 shares of the scientific and technical instruments company's stock valued at $223,000 after acquiring an additional 60,547 shares during the last quarter. Vanguard Group Inc. grew its stake in Luna Innovations by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 1,846,673 shares of the scientific and technical instruments company's stock worth $5,919,000 after buying an additional 16,773 shares in the last quarter. Keeley Teton Advisors LLC bought a new position in shares of Luna Innovations in the 1st quarter worth $64,000. Alpine Global Management LLC bought a new position in shares of Luna Innovations in the 1st quarter worth $75,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Luna Innovations during the 2nd quarter valued at $107,000. Institutional investors own 87.46% of the company's stock.
Luna Innovations Company Profile
(
Get Free Report)
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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