Luna Innovations (NASDAQ:LUNA) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Luna Innovations Incorporated (NASDAQ:LUNA)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.18 and traded as low as $1.05. Luna Innovations shares last traded at $1.50, with a volume of 3,892 shares traded.

Luna Innovations Price Performance

The stock has a 50 day simple moving average of $1.25 and a two-hundred day simple moving average of $1.18. The company has a market cap of $50.90 million, a price-to-earnings ratio of 16.67 and a beta of 1.88.

About Luna Innovations

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.