Neonode Inc. (NASDAQ:NEON - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.99 and traded as high as $8.62. Neonode shares last traded at $8.55, with a volume of 124,820 shares traded.
Analysts Set New Price Targets
NEON has been the subject of a number of recent research reports. StockNews.com upgraded shares of Neonode to a "sell" rating in a research note on Friday, November 8th. LADENBURG THALM/SH SH assumed coverage on shares of Neonode in a research report on Friday, October 18th. They set a "buy" rating and a $16.50 target price for the company.
Get Our Latest Analysis on NEON
Neonode Price Performance
The company has a market cap of $138.12 million, a P/E ratio of -11.59 and a beta of 2.00. The stock has a fifty day moving average price of $7.52 and a two-hundred day moving average price of $6.03.
Institutional Trading of Neonode
A number of hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC raised its stake in shares of Neonode by 12.1% during the 3rd quarter. Geode Capital Management LLC now owns 125,946 shares of the electronics maker's stock worth $1,146,000 after purchasing an additional 13,590 shares during the period. State Street Corp raised its position in Neonode by 50.5% in the third quarter. State Street Corp now owns 45,911 shares of the electronics maker's stock worth $418,000 after acquiring an additional 15,400 shares during the period. Finally, Centiva Capital LP purchased a new position in Neonode in the third quarter valued at about $201,000. 11.63% of the stock is currently owned by institutional investors.
About Neonode
(
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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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