Thompson Davis & CO. Inc. Sells 55,003 Shares of Luna Innovations Incorporated (LUNA)
Thompson Davis & CO. Inc. reduced its holdings in Luna Innovations Incorporated (NASDAQ:LUNA) by 26.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 152,669 shares of the scientific and technical instruments company’s stock after selling 55,003 shares during the quarter. Thompson Davis & CO. Inc. owned approximately 0.55% of Luna Innovations worth $231,000 as of its most recent SEC filing.
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LUNA has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Luna Innovations from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Northland Securities set a $3.00 price target on shares of Luna Innovations and gave the company a “buy” rating in a research report on Monday, August 14th.
Shares of Luna Innovations Incorporated (NASDAQ:LUNA) traded down 1.96% during trading on Friday, reaching $1.50. 20,825 shares of the company’s stock traded hands. Luna Innovations Incorporated has a 52-week low of $1.16 and a 52-week high of $2.33. The company’s 50-day moving average is $1.41 and its 200 day moving average is $1.55. The company’s market cap is $41.53 million.
Luna Innovations (NASDAQ:LUNA) last announced its quarterly earnings data on Thursday, August 10th. The scientific and technical instruments company reported ($0.01) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.02. The firm had revenue of $13.58 million during the quarter, compared to analyst estimates of $14.20 million. Luna Innovations had a negative net margin of 3.00% and a negative return on equity of 5.00%. Equities analysts forecast that Luna Innovations Incorporated will post ($0.04) EPS for the current year.
Luna Innovations Profile
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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