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

Research analysts at StockNews.com began coverage on shares of Luna Innovations (NASDAQ:LUNA) in a research note issued to investors on Tuesday. The firm set a “sell” rating on the scientific and technical instruments company’s stock.

Luna Innovations Price Performance

LUNA stock opened at $0.68 on Tuesday. The firm has a fifty day moving average price of $0.81 and a 200 day moving average price of $1.41. Luna Innovations has a fifty-two week low of $0.62 and a fifty-two week high of $3.89.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LUNA. Prudential Financial Inc. bought a new stake in Luna Innovations during the fourth quarter worth approximately $39,000. Founders Financial Alliance LLC purchased a new position in shares of Luna Innovations in the 4th quarter worth approximately $43,000. XTX Topco Ltd bought a new position in shares of Luna Innovations during the 3rd quarter valued at approximately $55,000. Raymond James Financial Inc. bought a new stake in Luna Innovations in the fourth quarter worth $57,000. Finally, Virtu Financial LLC purchased a new position in Luna Innovations during the fourth quarter worth $78,000. Institutional investors 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.