Shares of Luna Innovations Incorporated (NASDAQ:LUNA) traded at a new 52-week high today of $12.41. This new high was reached on below average trading volume as 104,000 shares traded hands, while the average 30-day volume is approximately 281,000 shares.
Based on a current price of $11.96, Luna Innovations Incorporated is currently 15.8% above its average consensus analyst price target of $10.06.
Luna Innovations Incorporated share prices have moved between a 52-week high of $12.41 and a 52-week low of $4.50 and are now trading 166% above that low price at $11.96 per share.
Luna Innovations Inc is active in advanced optical technology business. The company is engaged in providing unique capabilities in high speed optoelectronics and high performance fiber optic test products for the telecommunications industry and distributed fiber optic sensing for the aerospace and automotive industries. Luna has two business segments namely Products and Licensing segment and Technology Development segment. The Products and Licensing segment develops, manufactures and markets fiber optic sensing products, test & measurement products, and conducts applied research in the fiber optic sensing area for. The Technology Development segment performs applied research principally in the areas of sensing & instrumentation, advanced materials, and health sciences.
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