Shares of Luna Innovations Incorporated (NASDAQ:LUNA) traded at a new 52-week high today of $11.30. Approximately 104,000 shares have changed hands today, as compared to an average 30-day volume of 289,000 shares.
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.
Based on a current price of $11.05, Luna Innovations Incorporated is currently 11.5% above its average consensus analyst price target of $9.78.
In the past 52 weeks, shares of Luna Innovations Incorporated have traded between a low of $4.50 and a high of $11.30 and is now at $11.05, which is 146% above that low price.
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