Luna Innovations (NASDAQ:LUNA) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Luna Innovations (NASDAQ:LUNA) in a research note released on Friday. The firm issued a sell rating on the scientific and technical instruments company’s stock.

Luna Innovations Price Performance

NASDAQ:LUNA opened at $0.76 on Friday. Luna Innovations has a 52-week low of $0.70 and a 52-week high of $6.89. The stock has a fifty day moving average of $1.12 and a 200 day moving average of $1.66.

Institutional Investors Weigh In On Luna Innovations

Large investors have recently added to or reduced their stakes in the business. Malaga Cove Capital LLC bought a new stake in shares of Luna Innovations in the 3rd quarter valued at about $25,000. Prudential Financial Inc. bought a new stake in shares of Luna Innovations in the 4th quarter valued at about $39,000. Founders Financial Alliance LLC bought a new stake in shares of Luna Innovations in the 4th quarter valued at about $43,000. XTX Topco Ltd bought a new stake in shares of Luna Innovations in the 3rd quarter valued at about $55,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Luna Innovations in the 4th quarter valued at about $57,000. Institutional investors own 87.46% of the company’s stock.

Luna Innovations Company Profile

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.