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

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

Luna Innovations Trading Down 0.4 %

Shares of LUNA stock opened at $0.73 on Friday. The company has a fifty day moving average price of $1.01 and a two-hundred day moving average price of $1.60. Luna Innovations has a one year low of $0.65 and a one year high of $6.67.

Institutional Trading of Luna Innovations

A number of large investors have recently added to or reduced their stakes in LUNA. Prudential Financial Inc. acquired a new stake in Luna Innovations in the fourth quarter valued at $39,000. Founders Financial Alliance LLC bought a new position in shares of Luna Innovations in the fourth quarter valued at about $43,000. XTX Topco Ltd bought a new position in shares of Luna Innovations in the third quarter valued at about $55,000. Raymond James Financial Inc. bought a new position in shares of Luna Innovations in the fourth quarter valued at about $57,000. Finally, Virtu Financial LLC bought a new position in shares of Luna Innovations in the fourth quarter valued at about $78,000. Institutional investors and hedge funds 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.