Luna Innovations (NASDAQ:LUNA) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Luna Innovations Incorporated (NASDAQ:LUNAGet Free Report) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.21 and traded as low as $1.08. Luna Innovations shares last traded at $1.45, with a volume of 11,427 shares.

Luna Innovations Stock Down 3.3%

The firm has a 50 day moving average of $1.26 and a 200 day moving average of $1.21. The firm has a market cap of $49.20 million, a PE ratio of 16.11 and a beta of 1.88.

About Luna Innovations

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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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