News articles about Luna Innovations (NASDAQ:LUNA) have trended somewhat positive this week, Accern reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Luna Innovations earned a news impact score of 0.10 on Accern’s scale. Accern also gave news articles about the scientific and technical instruments company an impact score of 44.3061305245929 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Separately, Zacks Investment Research raised shares of Luna Innovations from a “hold” rating to a “buy” rating and set a $2.00 price target for the company in a research report on Friday, November 17th.

Luna Innovations (LUNA) traded up $0.09 during trading hours on Wednesday, reaching $2.49. The company had a trading volume of 249,100 shares, compared to its average volume of 132,394. Luna Innovations has a 12-month low of $1.16 and a 12-month high of $2.53. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.32 and a current ratio of 3.83.

Luna Innovations declared that its board has approved a share repurchase program on Wednesday, September 20th that permits the company to repurchase $2.00 million in outstanding shares. This repurchase authorization permits the scientific and technical instruments company to buy up to 4.4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

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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.

Insider Buying and Selling by Quarter for Luna Innovations (NASDAQ:LUNA)

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