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 $6.91 and traded as high as $8.48. Neonode shares last traded at $8.25, with a volume of 96,587 shares traded.
Analysts Set New Price Targets
NEON has been the topic of several recent analyst reports. LADENBURG THALM/SH SH initiated coverage on shares of Neonode in a report on Friday, October 18th. They issued a "buy" rating and a $16.50 target price on the stock. StockNews.com upgraded shares of Neonode to a "sell" rating in a report on Friday, November 8th.
Read Our Latest Research Report on Neonode
Neonode Stock Performance
The company has a market capitalization of $141.46 million, a price-to-earnings ratio of -11.87 and a beta of 1.96. The firm's 50-day simple moving average is $8.12 and its 200-day simple moving average is $6.97.
Institutional Trading of Neonode
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Centiva Capital LP acquired a new stake in Neonode in the 3rd quarter worth $201,000. State Street Corp grew its position 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 purchasing an additional 15,400 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position 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 valued at $1,146,000 after acquiring an additional 13,590 shares in the last quarter. 11.63% of the stock is currently owned by institutional investors and hedge funds.
About Neonode
(
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.
Further Reading
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