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 report on Wednesday, August 10th.
Shares of Luna Innovations (NASDAQ:LUNA) opened at 1.35 on Wednesday. The firm has a 50-day moving average price of $1.37 and a 200 day moving average price of $1.22. The firm has a market capitalization of $37.38 million, a price-to-earnings ratio of 7.76 and a beta of 0.74. Luna Innovations has a 12 month low of $0.74 and a 12 month high of $1.69.
Luna Innovations (NASDAQ:LUNA) last posted its earnings results on Tuesday, August 9th. The company reported ($0.03) EPS 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, analysts anticipate that Luna Innovations will post ($0.09) EPS for the current fiscal year.
In other news, Director Richard Roedel acquired 78,373 shares of Luna Innovations stock in a transaction dated Monday, August 15th. The stock was bought at an average cost of $1.23 per share, with a total value of $96,398.79. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 11.90% of the company’s stock.
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.
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