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

StockNews.com started coverage on shares of Luna Innovations (NASDAQ:LUNA) in a research report sent to investors on Tuesday. The firm issued a sell rating on the scientific and technical instruments company’s stock.

Luna Innovations Trading Up 3.3 %

Shares of NASDAQ LUNA opened at $0.79 on Tuesday. The stock has a 50 day moving average of $1.46 and a 200-day moving average of $1.91. Luna Innovations has a 12 month low of $0.70 and a 12 month high of $7.92.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Malaga Cove Capital LLC bought a new stake in shares of Luna Innovations during the third quarter worth approximately $25,000. AQR Capital Management LLC bought a new stake in Luna Innovations in the 2nd quarter valued at $37,000. Cubist Systematic Strategies LLC acquired a new position in Luna Innovations in the 2nd quarter valued at $48,000. XTX Topco Ltd acquired a new stake in shares of Luna Innovations during the third quarter worth $55,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Luna Innovations in the third quarter valued at about $144,000. Institutional investors and hedge funds 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.