Shares of Luna Innovations Incorporated (NASDAQ:LUNA - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.25 and traded as low as $1.96. Luna Innovations shares last traded at $2.01, with a volume of 307,344 shares traded.
Wall Street Analysts Forecast Growth
Separately, StockNews.com began coverage on Luna Innovations in a research note on Friday. They set a "sell" rating for the company.
View Our Latest Report on Luna Innovations
Luna Innovations Trading Up 2.0 %
The firm has a market capitalization of $69.62 million, a P/E ratio of -25.63 and a beta of 1.62. The stock has a 50-day simple moving average of $1.75 and a two-hundred day simple moving average of $2.24.
Institutional Trading of Luna Innovations
Hedge funds have recently bought and sold shares of the stock. Malaga Cove Capital LLC purchased a new position in shares of Luna Innovations during the 3rd quarter valued at about $25,000. Hodges Capital Management Inc. purchased a new stake in Luna Innovations during the 2nd quarter valued at about $33,000. AQR Capital Management LLC acquired a new stake in shares of Luna Innovations in the second quarter valued at approximately $37,000. Point72 DIFC Ltd purchased a new position in shares of Luna Innovations during the 2nd quarter worth $39,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Luna Innovations during the second quarter worth about $48,000. Hedge funds and other 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.
Featured Articles
Before you consider Luna Innovations, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Luna Innovations wasn't on the list.
While Luna Innovations currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
