DALLAS, April 1, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Luna Innovations Inc. (Nasdaq:LUNA). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at: www.microstockprofit.com/lp/LUNA
Luna Innovations Inc. (LUNA) is engaged in the research, development and commercialization of technologies in three primary areas of focus: test & measurement, sensing and instrumentation products; secure computing and communications; and health care products. The Company is organized into two main business segments, Technology Development and Products and Licensing. The Technology Development segment, which includes its secure computing and communications group, performs applied research for government funded projects and comprises approximately 72%, 73% and 65% of the Company's total revenues for the years ended December 31, 2008, 2009, and 2010.
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In the report, the analyst notes:
"LUNA jumped as high as $3.60 Thursday, a new 52-week high, before settling to close at $2.47. That closing price was up 36.47% from Wednesday's close. Approximately 3.02 million shares have traded hands during the session, versus the 10-day average volume of 13.47K. LUNA is trading above its 50-day moving average of $1.83 and its 200-day moving average of $1.87. Market capitalization currently stands at $32.85 million and it has 13.30 million outstanding shares."
"The molecular and sensing technologies maker yesterday said it has agreed with Intuitive Surgical Inc. to extend its development efforts under its development and supply agreement with Intuitive towards further integrating LUNA's shape sensing technology into Intuitive's products."
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