Neonode Inc. (NASDAQ:NEON - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.16 and traded as high as $8.96. Neonode shares last traded at $8.77, with a volume of 69,123 shares.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the company. StockNews.com upgraded Neonode to a "sell" rating in a report on Friday, November 8th. LADENBURG THALM/SH SH assumed coverage on Neonode in a report on Friday, October 18th. They issued a "buy" rating and a $16.50 target price for the company.
Check Out Our Latest Report on NEON
Neonode Stock Performance
The stock has a market cap of $146.66 million, a PE ratio of -12.31 and a beta of 1.97. The stock has a fifty day moving average price of $8.23 and a 200 day moving average price of $7.26.
Institutional Investors Weigh In On Neonode
A number of institutional investors and hedge funds have recently modified their holdings of the business. SBI Securities Co. Ltd. bought a new stake in Neonode during the 4th quarter valued at $25,000. 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 valued at $1,146,000 after purchasing an additional 13,590 shares in the last quarter. State Street Corp raised its position 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 purchasing an additional 15,400 shares in the last quarter. Finally, Centiva Capital LP bought a new stake in Neonode during the 3rd quarter valued at $201,000. 11.63% of the stock is owned by institutional investors.
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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