Neonode Inc. (NASDAQ:NEON - Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.31 and traded as high as $9.00. Neonode shares last traded at $8.85, with a volume of 76,849 shares traded.
Neonode Price Performance
The company has a market cap of $143.16 million, a PE ratio of -12.01 and a beta of 1.99. The stock has a 50 day simple moving average of $8.67 and a two-hundred day simple moving average of $8.33.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of NEON. State Street Corp raised 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 valued at $418,000 after acquiring an additional 15,400 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Neonode by 12.1% during the third 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 last quarter. Centiva Capital LP acquired a new stake in shares of Neonode during the third quarter worth $201,000. Squarepoint Ops LLC purchased a new position in Neonode in the 4th quarter valued at $107,000. Finally, Jane Street Group LLC increased its stake in Neonode by 81.5% in the 4th quarter. Jane Street Group LLC now owns 19,962 shares of the electronics maker's stock valued at $164,000 after buying an additional 8,962 shares during the period. 11.63% of the stock is currently owned by institutional investors and hedge funds.
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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