LADENBURG THALM/SH SH started coverage on shares of Neonode (NASDAQ:NEON - Free Report) in a report released on Friday morning, MarketBeat reports. The brokerage issued a buy rating and a $16.50 price target on the electronics maker's stock.
Neonode Trading Up 17.7 %
Shares of NASDAQ NEON traded up $1.38 on Friday, reaching $9.18. 499,244 shares of the company traded hands, compared to its average volume of 286,310. Neonode has a fifty-two week low of $1.02 and a fifty-two week high of $15.00. The company has a 50 day moving average of $7.40 and a 200 day moving average of $4.07. The stock has a market capitalization of $142.01 million, a PE ratio of -12.75 and a beta of 1.89.
Neonode (NASDAQ:NEON - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The electronics maker reported ($0.11) EPS for the quarter. Neonode had a negative net margin of 247.41% and a negative return on equity of 64.05%. The company had revenue of $1.42 million for the quarter.
Neonode Company Profile
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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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