Luna Innovations Incorporated (LUNA) Issues Earnings Results
Luna Innovations Incorporated (NASDAQ:LUNA) issued its quarterly earnings data on Thursday. The scientific and technical instruments company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.02, Bloomberg Earnings reports. Luna Innovations had a negative net margin of 3.88% and a negative return on equity of 6.54%.
Shares of Luna Innovations (NASDAQ:LUNA) traded up 17.36% during midday trading on Thursday, reaching $1.42. 1,454,858 shares of the company’s stock were exchanged. The stock’s market cap is $39.11 million. The company’s 50 day moving average is $1.38 and its 200-day moving average is $1.62. Luna Innovations has a 12 month low of $1.08 and a 12 month high of $2.33.
Separately, Zacks Investment Research lowered shares of Luna Innovations from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 17th.
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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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