Luna Innovations (NASDAQ:LUNA) Coverage Initiated at StockNews.com

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

Luna Innovations Trading Down 25.0 %

Shares of LUNA stock opened at $0.30 on Thursday. The company’s fifty day moving average price is $0.67 and its two-hundred day moving average price is $1.23. Luna Innovations has a 12 month low of $0.28 and a 12 month high of $3.89.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of LUNA. XTX Topco Ltd acquired a new position in shares of Luna Innovations in the 3rd quarter valued at approximately $55,000. Virtu Financial LLC bought a new stake in shares of Luna Innovations in the 4th quarter valued at approximately $78,000. Prudential Financial Inc. acquired a new stake in shares of Luna Innovations during the fourth quarter worth $39,000. Raymond James Financial Inc. bought a new position in shares of Luna Innovations in the 4th quarter worth about $57,000. Finally, Founders Financial Alliance LLC acquired a new position in shares of Luna Innovations in the 4th quarter valued at about $43,000. Hedge funds and other 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.