Luna Innovations Incorporated (NASDAQ:LUNA) shares were up 6.2% on Friday . The stock traded as high as $2.93 and last traded at $3.08. Approximately 447,436 shares were traded during trading, an increase of 317% from the average daily volume of 107,171 shares. The stock had previously closed at $2.90.
Several research analysts recently weighed in on LUNA shares. Northland Securities reissued a “buy” rating and set a $3.25 price objective on shares of Luna Innovations in a research note on Wednesday. Zacks Investment Research lowered shares of Luna Innovations from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd.
The firm has a market cap of $82.23, a P/E ratio of 7.19 and a beta of 1.02. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.98 and a quick ratio of 3.32.
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About Luna Innovations
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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