StockNews.com began coverage on shares of Luna Innovations (NASDAQ:LUNA – Get Free Report) in a report released on Saturday. The brokerage set a “sell” rating on the scientific and technical instruments company’s stock.
Luna Innovations Price Performance
Luna Innovations stock opened at $1.09 on Friday. The firm has a market capitalization of $37.02 million, a price-to-earnings ratio of -13.63 and a beta of 1.56. The company’s 50 day simple moving average is $1.68 and its 200 day simple moving average is $2.16. Luna Innovations has a fifty-two week low of $0.70 and a fifty-two week high of $7.92.
Institutional Trading of Luna Innovations
Large investors have recently made changes to their positions in the company. Malaga Cove Capital LLC bought a new stake in Luna Innovations during the 3rd quarter worth approximately $25,000. AQR Capital Management LLC bought a new position in shares of Luna Innovations during the 2nd quarter worth approximately $37,000. Point72 DIFC Ltd acquired a new stake in shares of Luna Innovations in the second quarter valued at approximately $39,000. Marathon Capital Management lifted its position in shares of Luna Innovations by 9.8% in the second quarter. Marathon Capital Management now owns 167,500 shares of the scientific and technical instruments company’s stock worth $536,000 after purchasing an additional 15,000 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in Luna Innovations during the second quarter worth $48,000. Institutional investors own 87.46% of the company’s stock.
About Luna Innovations
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.
Read More
- Five stocks we like better than Luna Innovations
- What is the FTSE 100 index?
- Driving Forward: Lucid’s Growing Sales and Gravity SUV’s Impact
- Why Are Stock Sectors Important to Successful Investing?
- Why Amazon’s Next Earnings Could Trigger a Stock Breakout
- P/E Ratio Calculation: How to Assess Stocks
- With This Kind of Data, The Fed Isn’t Cutting Rates This Year
Receive News & Ratings for Luna Innovations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Luna Innovations and related companies with MarketBeat.com's FREE daily email newsletter.
