Luna Innovations Inc. (LUNA) Upgraded to Hold at Zacks Investment Research
According to Zacks, “LUNA INNOVATIONS INCORPORATED develops and manufactures new-generation products for the healthcare, telecommunications, energy and defense markets. Luna develops technologies in four primary areas: Sensors & Systems; Health Sciences; Materials & Secure Computing. Luna’s product offerings generally fit into two categories: Instrumentation, Test & Measurement & Healthcare. The products are used to measure, monitor, protect and improve critical processes in the markets we serve. Through its disciplined commercialization business model, Luna has become a recognized leader in transitioning science to solutions. Luna is headquartered in Roanoke, Virginia. “
Separately, TheStreet upgraded Luna Innovations from a “sell” rating to a “hold” rating in a research note on Wednesday, August 10th.
Luna Innovations (NASDAQ:LUNA) opened at 1.39 on Wednesday. Luna Innovations has a 12-month low of $0.74 and a 12-month high of $1.69. The company has a 50-day moving average price of $1.36 and a 200-day moving average price of $1.21. The stock has a market capitalization of $38.49 million, a price-to-earnings ratio of 7.99 and a beta of 0.74.
Luna Innovations (NASDAQ:LUNA) last announced its earnings results on Tuesday, August 9th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.01) by $0.02. Luna Innovations had a net margin of 8.52% and a negative return on equity of 9.81%. On average, equities research analysts forecast that Luna Innovations will post ($0.09) earnings per share for the current year.
In other Luna Innovations news, Director Richard Roedel bought 78,373 shares of the stock in a transaction dated Monday, August 15th. The stock was bought at an average cost of $1.23 per share, for a total transaction of $96,398.79. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 11.90% of the company’s stock.
About Luna Innovations
Luna Innovations Incorporated develops, manufactures and markets fiber optic sensing and test, and measurement products. The Company is focused on bringing technology solutions to measure and monitor processes in the aerospace, automotive, energy, composite, telecommunications and defense industries.
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