Luna Innovations (NASDAQ:LUNA) Stock Price Passes Above 200-Day Moving Average - Here's What Happened

Get Luna Innovations alerts:Luna Innovations Incorporated (NASDAQ:LUNA - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.89 and traded as high as $1.75. Luna Innovations shares last traded at $1.74, with a volume of 53,873 shares. Luna Innovations Stock PerformanceThe firm has a market capitalization of $59.09 million, a price-to-earnings ratio of 19.33 and a beta of 2.13. The company has a 50-day moving average price of $1.20 and a 200-day moving average price of $0.89. Luna Innovations Company Profile (Get Free Report)Luna Innovations Incorporated provides fiber optic test, measurement, and control products worldwide. The company offers test and measurement equipment for fiber optic components and sub-assemblies; polarization control products, including components, modules, and instruments to measure, manage, and control polarization and group delay in fiber optic networks; tunable lasers; and single frequency lasers.See AlsoFive stocks we like better than Luna InnovationsWhat Does a Stock Split Mean? OpenAI's Restructuring Sets up What Could Be the Biggest IPO EverHow to Invest in Biotech Stocks2 Rare Earth Stocks the U.S. Government Doesn’t Want to FailThe Risks of Owning BondsCrowdStrike Partners With CoreWeave But Investors Sell the NewsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Luna Innovations Right Now?Before you consider Luna Innovations, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Luna Innovations wasn't on the list.While Luna Innovations currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here