Luna Innovations Incorporated (NASDAQ:LUNA – Get Free Report)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $1.19 and traded as high as $1.25. Luna Innovations shares last traded at $1.25, with a volume of 75,293 shares.
Luna Innovations Trading Up 0.8%
The stock has a market capitalization of $42.45 million, a P/E ratio of 20.83 and a beta of 1.91. The business has a 50-day moving average price of $1.19 and a two-hundred day moving average price of $1.23.
About Luna Innovations
Luna Innovations (NASDAQ: LUNA) is a technology company specializing in advanced fiber-optic sensing, photonic test and measurement solutions, and specialty optical products. Founded in 1991 as a spin-off from Virginia Tech, the company develops tools and instrumentation that enable precise characterization and monitoring of optical networks, materials and structures. Its offerings include optical time-domain reflectometers (OTDRs), dynamic strain sensors based on fiber Bragg grating technology, and high-resolution spectral analyzers designed for both laboratory research and field deployment.
The company operates through two primary segments: Test & Measurement Solutions and Specialty Optical Fiber & Laser Solutions.
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