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

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

Luna Innovations Stock Performance

LUNA stock opened at $1.07 on Friday. Luna Innovations has a twelve month low of $0.70 and a twelve month high of $7.92. The stock’s 50 day moving average is $1.61 and its 200-day moving average is $2.05.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of LUNA. Malaga Cove Capital LLC bought a new position in shares of Luna Innovations in the third quarter valued at approximately $25,000. AQR Capital Management LLC bought a new position in shares of Luna Innovations in the second quarter valued at approximately $37,000. Point72 DIFC Ltd bought a new stake in Luna Innovations during the second quarter worth $39,000. Cubist Systematic Strategies LLC bought a new stake in Luna Innovations during the second quarter worth $48,000. Finally, XTX Topco Ltd bought a new stake in Luna Innovations during the third quarter worth $55,000. 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.