Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Luna Innovations (LUNA) Share Price

News articles about Luna Innovations (NASDAQ:LUNA) have been trending somewhat positive on Tuesday, Accern Sentiment reports. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Luna Innovations earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned headlines about the scientific and technical instruments company an impact score of 48.0028272692009 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the headlines that may have effected Accern Sentiment’s rankings:

A number of brokerages have issued reports on LUNA. Zacks Investment Research lowered Luna Innovations from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Northland Securities set a $3.00 price target on Luna Innovations and gave the stock a “buy” rating in a research note on Monday, August 14th.

Luna Innovations (LUNA) opened at 1.6124 on Tuesday. The stock has a 50 day moving average price of $1.62 and a 200-day moving average price of $1.52. The stock’s market capitalization is $44.64 million. Luna Innovations has a 12-month low of $1.16 and a 12-month high of $2.33.

Luna Innovations (NASDAQ:LUNA) last issued its quarterly earnings data on Thursday, August 10th. The scientific and technical instruments company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.02. Luna Innovations had a negative net margin of 3.00% and a negative return on equity of 5.00%. The company had revenue of $13.58 million for the quarter, compared to analysts’ expectations of $14.20 million. Equities research analysts expect that Luna Innovations will post ($0.04) EPS for the current year.

Luna Innovations announced that its Board of Directors has authorized a stock repurchase program on Wednesday, September 20th that allows the company to repurchase $2.00 million in outstanding shares. This repurchase authorization allows the scientific and technical instruments company to reacquire up to 4.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

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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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