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

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

Luna Innovations Price Performance

LUNA stock opened at $0.60 on Wednesday. The company’s 50-day moving average price is $0.72 and its 200 day moving average price is $1.30. Luna Innovations has a 52 week low of $0.28 and a 52 week high of $3.89.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Prudential Financial Inc. bought a new stake in Luna Innovations in the 4th quarter valued at about $39,000. Founders Financial Alliance LLC acquired a new stake in shares of Luna Innovations in the fourth quarter valued at approximately $43,000. XTX Topco Ltd acquired a new stake in shares of Luna Innovations in the third quarter valued at approximately $55,000. Raymond James Financial Inc. bought a new stake in shares of Luna Innovations during the fourth quarter valued at approximately $57,000. Finally, Virtu Financial LLC acquired a new position in shares of Luna Innovations during the fourth quarter worth approximately $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.