Investment analysts at StockNews.com started coverage on shares of Luna Innovations (NASDAQ:LUNA – Get Free Report) in a note issued to investors on Sunday. The firm set a “sell” rating on the scientific and technical instruments company’s stock.
Luna Innovations Trading Down 4.2 %
NASDAQ:LUNA opened at $0.69 on Friday. Luna Innovations has a 1 year low of $0.65 and a 1 year high of $4.77. The firm’s fifty day simple moving average is $0.88 and its 200 day simple moving average is $1.54.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Squarepoint Ops LLC grew its stake in Luna Innovations by 40.3% in the 4th quarter. Squarepoint Ops LLC now owns 104,453 shares of the scientific and technical instruments company’s stock valued at $226,000 after buying an additional 29,981 shares during the last quarter. Needham Investment Management LLC grew its position in Luna Innovations by 17.5% in the 4th quarter. Needham Investment Management LLC now owns 1,175,000 shares of the scientific and technical instruments company’s stock worth $2,538,000 after purchasing an additional 175,000 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Luna Innovations in the 4th quarter worth $57,000. Renaissance Technologies LLC grew its position in Luna Innovations by 71.7% in the 4th quarter. Renaissance Technologies LLC now owns 297,600 shares of the scientific and technical instruments company’s stock worth $643,000 after purchasing an additional 124,300 shares during the last quarter. Finally, Prudential Financial Inc. acquired a new stake in Luna Innovations in the 4th quarter worth $39,000. 87.46% of the stock is currently owned by institutional investors and hedge funds.
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.
Featured Stories
- Five stocks we like better than Luna Innovations
- Pros And Cons Of Monthly Dividend Stocks
- Ignore Reports, Apple Won’t Install Starlink with iOS 18.3
- TSX Venture Exchange (Formerly Canadian Venture Exchange)
- Casey’s Uptrend Remains Strong—New Highs on the Horizon
- Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness
- Taiwan Semiconductor’s Huge U.S. Move—Stock Impact Ahead
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.
