Neonode (NASDAQ:NEON) Shares Pass Above 200-Day Moving Average of $3.25

Shares of Neonode Inc. (NASDAQ:NEON - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $3.25 and traded as high as $13.20. Neonode shares last traded at $11.71, with a volume of 439,160 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Neonode in a research report on Friday, June 14th. They set a "sell" rating for the company.

Neonode Stock Down 17.6 %

The company has a market capitalization of $148.21 million, a PE ratio of -13.59 and a beta of 1.88. The stock has a 50-day moving average of $5.65 and a 200 day moving average of $3.29.

Neonode (NASDAQ:NEON - Get Free Report) last released its earnings results on Thursday, August 8th. The electronics maker reported ($0.11) earnings per share (EPS) for the quarter. Neonode had a negative return on equity of 64.05% and a negative net margin of 247.41%. The firm had revenue of $1.42 million during the quarter.

About Neonode

Neonode Inc, together with its subsidiaries, develops optical sensing solutions for contactless touch, touch, and gesture sensing in the United States, Japan, South Korea, Germany, Switzerland, France, Sweden, China, and internationally. It also offers software solutions for machine perception to detect and track persons and objects in video streams from cameras and other types of imagers.