Luna Innovations (NASDAQ:LUNA) Now Covered by Analysts at StockNews.com

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

Luna Innovations Trading Down 5.0 %

NASDAQ:LUNA opened at $0.76 on Tuesday. Luna Innovations has a 52-week low of $0.70 and a 52-week high of $7.92. The business’s fifty day moving average is $1.48 and its 200 day moving average is $1.92.

Hedge Funds Weigh In On Luna Innovations

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Malaga Cove Capital LLC purchased a new position in shares of Luna Innovations in the 3rd quarter worth about $25,000. AQR Capital Management LLC purchased a new position in shares of Luna Innovations in the 2nd quarter worth about $37,000. Cubist Systematic Strategies LLC purchased a new position in shares of Luna Innovations in the 2nd quarter worth about $48,000. XTX Topco Ltd purchased a new position in shares of Luna Innovations in the 3rd quarter worth about $55,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Luna Innovations in the 3rd quarter worth about $144,000. 87.46% of the stock is currently owned by hedge funds and other institutional investors.

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.