Zacks Investment Research upgraded shares of Luna Innovations Inc. (NASDAQ:LUNA) from a sell rating to a hold rating in a report released on Wednesday.
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 report on Wednesday, August 10th.
Shares of Luna Innovations (NASDAQ:LUNA) opened at 1.41 on Wednesday. The stock has a market capitalization of $39.05 million, a PE ratio of 8.10 and a beta of 0.74. The company’s 50 day moving average price is $1.37 and its 200 day moving average price is $1.21. Luna Innovations has a 52-week low of $0.74 and a 52-week high of $1.69.
Luna Innovations (NASDAQ:LUNA) last issued its earnings results on Tuesday, August 9th. The company reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. Luna Innovations had a negative return on equity of 9.81% and a net margin of 8.52%. On average, equities research analysts anticipate that Luna Innovations will post ($0.09) EPS for the current year.
In related news, Director Richard Roedel purchased 78,373 shares of Luna Innovations stock in a transaction dated Monday, August 15th. The stock was purchased at an average cost of $1.23 per share, with a total value of $96,398.79. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 11.90% of the stock is owned by insiders.
Luna Innovations Company 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.