Luna Innovations (LUNA) Rating Lowered to Hold at Zacks Investment Research
Luna Innovations (NASDAQ:LUNA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued 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. “
Luna Innovations (LUNA) traded up $0.07 during midday trading on Wednesday, hitting $2.50. The company had a trading volume of 95,800 shares, compared to its average volume of 95,600. The company has a quick ratio of 3.32, a current ratio of 3.83 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $69.02, a PE ratio of 5.81 and a beta of 1.49. Luna Innovations has a 12 month low of $1.16 and a 12 month high of $2.60.
An institutional investor recently bought a new position in Luna Innovations stock. Luzich Partners LLC acquired a new position in Luna Innovations Incorporated (NASDAQ:LUNA) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 453,000 shares of the scientific and technical instruments company’s stock, valued at approximately $766,000. Luna Innovations accounts for 0.6% of Luzich Partners LLC’s holdings, making the stock its 19th largest holding. Luzich Partners LLC owned 1.60% of Luna Innovations at the end of the most recent reporting period. Institutional investors own 12.14% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “Luna Innovations (LUNA) Rating Lowered to Hold at Zacks Investment Research” was published by American Banking News and is owned by of American Banking News. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The original version of this report can be accessed at https://www.americanbankingnews.com/2018/01/03/luna-innovations-luna-rating-lowered-to-hold-at-zacks-investment-research.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Luna Innovations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Luna Innovations and related companies with MarketBeat.com's FREE daily email newsletter.