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Neonode (NASDAQ:NEON) Share Price Crosses Above 200 Day Moving Average - Here's Why

Neonode logo with Computer and Technology background

Neonode Inc. (NASDAQ:NEON - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.99 and traded as high as $8.10. Neonode shares last traded at $8.03, with a volume of 127,634 shares traded.

Neonode Stock Performance

The company has a 50 day moving average of $7.27 and a 200-day moving average of $4.02.

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

About Neonode

(Get Free Report)

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.

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