Equities researchers at StockNews.com started coverage on shares of Luna Innovations (NASDAQ:LUNA – Get Free Report) in a report issued on Sunday. The firm set a “sell” rating on the scientific and technical instruments company’s stock.
Luna Innovations Stock Up 4.9 %
NASDAQ:LUNA opened at $1.07 on Friday. The business’s 50-day moving average price is $1.62 and its two-hundred day moving average price is $2.06. Luna Innovations has a twelve month low of $0.70 and a twelve month high of $7.92.
Hedge Funds Weigh In On Luna Innovations
A number of large investors have recently modified their holdings of the company. Malaga Cove Capital LLC purchased a new position in Luna Innovations in the 3rd quarter worth $25,000. AQR Capital Management LLC bought a new stake in shares of Luna Innovations in the second quarter worth about $37,000. Point72 DIFC Ltd purchased a new position in shares of Luna Innovations during the second quarter valued at approximately $39,000. Cubist Systematic Strategies LLC purchased a new position in Luna Innovations during the 2nd quarter valued at $48,000. Finally, XTX Topco Ltd bought a new position in Luna Innovations in the 3rd quarter worth $55,000. 87.46% of the stock is 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.
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