Investment analysts at StockNews.com started coverage on shares of Luna Innovations (NASDAQ:LUNA – Get Free Report) 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.
See Also
- Five stocks we like better than Luna Innovations
- Technology Stocks Explained: Here’s What to Know About Tech
- Can TikTok Stock Picks Really Make You Rich?
- 3 Warren Buffett Stocks to Buy Now
- The “Quality” Rotation: Back to Basics Investing
- What Investors Need to Know to Beat the Market
- Occidental Petroleum: 4 Reasons to Love These Prices
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.