Somewhat Positive News Coverage Somewhat Unlikely to Impact Luna Innovations (LUNA) Share Price
News headlines about Luna Innovations (NASDAQ:LUNA) have been trending somewhat positive on Sunday, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Luna Innovations earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned media coverage about the scientific and technical instruments company an impact score of 45.3507454502493 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of Luna Innovations (NASDAQ:LUNA) traded down $0.04 on Friday, hitting $2.29. 128,433 shares of the stock traded hands, compared to its average volume of 306,666. Luna Innovations has a 1-year low of $1.16 and a 1-year high of $2.50. 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 announced that its Board of Directors has initiated a stock buyback program on Wednesday, September 20th that allows the company to buyback $2.00 million in outstanding shares. This buyback authorization allows the scientific and technical instruments company to buy up to 4.4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.
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.
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