Luna Innovations Incorporated (LUNA) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the technology sector during morning trading on September 22. At the lunch break, shares of LUNA have risen 6.0% to $1.59 after closing the day prior at $1.5. In the first two and a half hours of trading, the stock has gone as high as $1.69 and as low as $1.49. Today’s rise has come with about 392,354 shares changing hands, compared to an average 30-day volume of 195,866 for Luna Innovations Incorporated. The price is currently below the 30-day volume weighted average price of $1.61 for LUNA.
The share appreciation gives the company a market capitalization of $41.54 million based upon 27.69 million shares outstanding. It also means that LUNA has a price-to-book ratio of 1.19:1.
In the past 52 weeks, shares of LUNA have traded as low as $0.7401 and as high as $1.67. Technical traders will take note that at $1.59, shares of LUNA are trading above their 200-day MA at $1.1 and above their 50-day MA at $1.3. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is LUNA?
Luna Innovations Inc develops, manufactures & markets fiber optic sensing, test, measurement products. It provides solutions to measure, monitor, protect processes in the aerospace, automotive, energy, composite, telecommunications & defense industries. The company’s 250 employees are led by CEO My E Chung from the corporate headquarters at 301 1st Street SW in Roanoke, VA.
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