Luna Innovations (NASDAQ:LUNA) Coverage Initiated by Analysts at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Luna Innovations (NASDAQ:LUNA) in a research report issued to clients and investors on Sunday. The firm set a “sell” rating on the scientific and technical instruments company’s stock.

Luna Innovations Price Performance

NASDAQ:LUNA opened at $0.85 on Friday. Luna Innovations has a 1 year low of $0.65 and a 1 year high of $4.42. The business has a fifty day moving average of $0.87 and a 200-day moving average of $1.52.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LUNA. Prudential Financial Inc. bought a new stake in Luna Innovations during the fourth quarter worth approximately $39,000. Founders Financial Alliance LLC acquired a new position in shares of Luna Innovations during the 4th quarter valued at $43,000. XTX Topco Ltd bought a new stake in shares of Luna Innovations in the 3rd quarter worth $55,000. Raymond James Financial Inc. acquired a new stake in shares of Luna Innovations in the fourth quarter valued at $57,000. Finally, Virtu Financial LLC bought a new position in Luna Innovations during the fourth quarter valued at about $78,000. 87.46% of the stock is currently owned by institutional investors.

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.