Neonode Inc. (NASDAQ:NEON - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.59 and traded as high as $8.14. Neonode shares last traded at $7.97, with a volume of 59,534 shares changing hands.
Analyst Ratings Changes
Several research analysts have commented on NEON shares. StockNews.com upgraded shares of Neonode to a "sell" rating in a report on Friday, November 8th. LADENBURG THALM/SH SH started coverage on Neonode in a research report on Friday, October 18th. They set a "buy" rating and a $16.50 price objective on the stock.
Read Our Latest Stock Analysis on NEON
Neonode Stock Performance
The stock has a market capitalization of $133.74 million, a P/E ratio of -11.23 and a beta of 1.96. The business has a 50-day moving average price of $7.76 and a 200 day moving average price of $6.59.
Hedge Funds Weigh In On Neonode
Several large investors have recently modified their holdings of the stock. Geode Capital Management LLC increased its stake in Neonode by 12.1% during the 3rd quarter. Geode Capital Management LLC now owns 125,946 shares of the electronics maker's stock valued at $1,146,000 after purchasing an additional 13,590 shares in the last quarter. State Street Corp raised its holdings in Neonode by 50.5% in the 3rd 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 last quarter. Finally, Centiva Capital LP bought a new position in Neonode in the 3rd quarter valued at approximately $201,000. Hedge funds and other institutional investors own 11.63% of the company's stock.
Neonode Company Profile
(
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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