Luna Innovations Incorporated (NASDAQ:LUNA – Get Rating)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $6.16 and traded as low as $5.31. Luna Innovations shares last traded at $5.31, with a volume of 45,066 shares traded.
Analyst Upgrades and Downgrades
LUNA has been the subject of a number of research reports. Northland Securities upgraded shares of Luna Innovations from a “market perform” rating to an “outperform” rating and set a $8.00 target price for the company in a research report on Monday, May 23rd. B. Riley decreased their price target on shares of Luna Innovations from $12.00 to $11.50 in a research note on Tuesday, May 17th.
Luna Innovations Trading Down 3.5 %
The stock’s fifty day moving average price is $5.99 and its 200 day moving average price is $6.16. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.57 and a quick ratio of 1.53. The stock has a market capitalization of $174.22 million, a P/E ratio of 18.31 and a beta of 1.27.
Institutional Inflows and Outflows
About Luna Innovations
Luna Innovations Incorporated develops, manufactures, and markets fiber optic test, measurement, and control products worldwide. The company offers optical test and measurement products, which include optical vector analyzer, optical backscatter reflectometers, and the Phoenix family of tunable lasers; and Hyperion sensing solution that enables full-spectrum data acquisition and flexible peak detect algorithms of fiber-bragg gratings (FBGs), long period FBGs, and fabry-perot sensors with low-latency access to data for closed loop feedback applications.
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