Luna Innovations Inc. (NASDAQ:LUNA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors 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. “

Separately, TheStreet upgraded shares of Luna Innovations from a “sell” rating to a “hold” rating in a research note on Wednesday, August 10th.

Luna Innovations (NASDAQ:LUNA) opened at 1.39 on Wednesday. The company has a market cap of $38.49 million, a PE ratio of 7.99 and a beta of 0.74. Luna Innovations has a one year low of $0.74 and a one year high of $1.69. The firm has a 50-day moving average of $1.36 and a 200-day moving average of $1.21.

Luna Innovations (NASDAQ:LUNA) last issued its quarterly earnings results on Tuesday, August 9th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.02. Luna Innovations had a net margin of 8.52% and a negative return on equity of 9.81%. On average, analysts predict that Luna Innovations will post ($0.09) EPS for the current year.

In other news, Director Richard Roedel acquired 78,373 shares of the stock in a transaction dated Monday, August 15th. The shares were bought at an average cost of $1.23 per share, for a total transaction of $96,398.79. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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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