Luna Innovations Incorporated (LUNA) Upgraded by Zacks Investment Research to Hold

Zacks Investment Research upgraded shares of Luna Innovations Incorporated (NASDAQ:LUNA) from a strong sell rating to a hold rating in a research note released on Wednesday morning.

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. “

Shares of Luna Innovations (NASDAQ LUNA) opened at 1.4215 on Wednesday. The stock’s 50 day moving average price is $1.51 and its 200 day moving average price is $1.66. Luna Innovations has a 52 week low of $1.08 and a 52 week high of $2.33. The stock’s market cap is $39.15 million.

Luna Innovations (NASDAQ:LUNA) last posted its quarterly earnings data on Thursday, May 11th. The scientific and technical instruments company reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.04. Luna Innovations had a negative net margin of 3.88% and a negative return on equity of 6.54%. The company had revenue of $13.12 million for the quarter, compared to analyst estimates of $13.50 million. Equities research analysts anticipate that Luna Innovations will post ($0.06) EPS for the current fiscal year.

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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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