Neonode Inc. (NASDAQ:NEON - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.39 and traded as high as $9.65. Neonode shares last traded at $9.60, with a volume of 100,170 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of Neonode to a "sell" rating in a report on Friday, November 8th.
Read Our Latest Analysis on Neonode
Neonode Trading Down 1.6 %
The stock has a market cap of $163.44 million, a price-to-earnings ratio of -13.72 and a beta of 1.97. The stock's 50 day moving average is $8.42 and its two-hundred day moving average is $7.52.
Institutional Trading of Neonode
A number of large investors have recently bought and sold shares of NEON. Centiva Capital LP acquired a new stake in Neonode during the 3rd quarter worth $201,000. State Street Corp boosted its stake in Neonode by 50.5% during the 3rd quarter. State Street Corp now owns 45,911 shares of the electronics maker's stock worth $418,000 after purchasing an additional 15,400 shares during the period. Geode Capital Management LLC raised its position in 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 buying an additional 13,590 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Neonode during the 4th quarter worth $25,000. Finally, Renaissance Technologies LLC purchased a new position in Neonode during the 4th quarter worth $173,000. Institutional investors and hedge funds 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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