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

Investment analysts at StockNews.com began coverage on shares of Luna Innovations (NASDAQ:LUNA) in a report released on Sunday. The firm set a “sell” rating on the scientific and technical instruments company’s stock.

Luna Innovations Stock Performance

Luna Innovations stock opened at $1.07 on Friday. The stock’s 50-day moving average is $1.62 and its 200-day moving average is $2.07. Luna Innovations has a 12 month low of $0.70 and a 12 month high of $7.92.

Institutional Investors Weigh In On Luna Innovations

Several institutional investors and hedge funds have recently modified their holdings of LUNA. Malaga Cove Capital LLC purchased a new stake in Luna Innovations during the 3rd quarter worth $25,000. AQR Capital Management LLC acquired a new stake in Luna Innovations during the 2nd quarter valued at approximately $37,000. Point72 DIFC Ltd purchased a new stake in Luna Innovations during the 2nd quarter worth approximately $39,000. Cubist Systematic Strategies LLC purchased a new stake in Luna Innovations during the 2nd quarter worth approximately $48,000. Finally, XTX Topco Ltd purchased a new position in shares of Luna Innovations during the 3rd quarter valued at approximately $55,000. Hedge funds and other institutional investors 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.