Positive Press Coverage Extremely Likely to Affect Luna Innovations (LUNA) Share Price

News headlines about Luna Innovations (NASDAQ:LUNA) have been trending positive recently, AlphaOne reports. The research firm, a service of Accern, rates the sentiment of press coverage by monitoring more than 20 million blog and news sources. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Luna Innovations earned a coverage optimism score of 0.37 on AlphaOne’s scale. AlphaOne also gave news stories about the scientific and technical instruments company an impact score of 100 out of 100, indicating that recent press coverage is extremely likely to have an impact on the stock’s share price in the next several days.

Luna Innovations (NASDAQ:LUNA) opened at 1.50 on Friday. The company’s market capitalization is $41.31 million. The stock’s 50 day moving average is $1.55 and its 200 day moving average is $1.62. Luna Innovations has a 52 week low of $1.04 and a 52 week high of $2.33.

Luna Innovations (NASDAQ:LUNA) last released its quarterly earnings results on Thursday, May 11th. The scientific and technical instruments company reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.04. Luna Innovations had a net margin of 8.92% and a negative return on equity of 8.69%. The firm had revenue of $13.12 million for the quarter, compared to the consensus estimate of $13.50 million. Analysts predict that Luna Innovations will post ($0.06) EPS for the current fiscal year.

Separately, Zacks Investment Research downgraded shares of Luna Innovations from a “hold” rating to a “strong sell” rating in a report on Wednesday.

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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.

12 Month Chart for NASDAQ:LUNA

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