Luna Innovations (NASDAQ:LUNA) Earns Sell Rating from Analysts at StockNews.com

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

Luna Innovations Stock Performance

LUNA stock opened at $0.90 on Thursday. Luna Innovations has a 52-week low of $0.70 and a 52-week high of $7.29. The company’s 50 day simple moving average is $1.20 and its 200-day simple moving average is $1.73.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Malaga Cove Capital LLC acquired a new position in Luna Innovations in the 3rd quarter valued at approximately $25,000. Prudential Financial Inc. acquired a new position in Luna Innovations in the 4th quarter valued at approximately $39,000. Founders Financial Alliance LLC acquired a new position in Luna Innovations in the 4th quarter valued at approximately $43,000. XTX Topco Ltd acquired a new position in Luna Innovations in the 3rd quarter valued at approximately $55,000. Finally, Raymond James Financial Inc. acquired a new position in Luna Innovations in the 4th quarter valued at approximately $57,000. 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.