Brokerages Expect Luna Innovations Incorporated (LUNA) to Announce ($0.01) EPS
Luna Innovations Incorporated (NASDAQ:LUNA) has received an average broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.
Brokers have set a 12 month consensus price objective of $4.50 for the company and are predicting that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also given Luna Innovations an industry rank of 143 out of 255 based on the ratings given to its competitors.
A number of brokerages have issued reports on LUNA. B. Riley increased their price objective on shares of Luna Innovations from $4.60 to $5.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Zacks Investment Research downgraded shares of Luna Innovations from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Finally, ValuEngine upgraded shares of Luna Innovations from a “hold” rating to a “buy” rating in a research note on Saturday, February 2nd.
NASDAQ:LUNA traded up $0.33 during mid-day trading on Friday, reaching $4.24. 403,831 shares of the company’s stock were exchanged, compared to its average volume of 61,322. The firm has a market cap of $108.95 million, a price-to-earnings ratio of 106.00 and a beta of 0.62. Luna Innovations has a one year low of $2.48 and a one year high of $4.32.
Luna Innovations Company Profile
Luna Innovations Incorporated develops, manufactures, and markets fiber optic sensing, and test and measurement products worldwide. It operates in two segments, Products and Licensing, and Technology Development. The Products and Licensing segment offers fiber optic sensing products, as well as test and measurement products to monitor the integrity of fiber optic network components and sub-assemblies, which include optical vector analyzer, optical backscatter reflectometers, and the Phoenix family of tunable lasers; and distributed sensing systems comprising optical distributed sensor interrogator sensing solution with multiple sensors whose inputs are integrated through a fiber optic network and software.
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