Neonode Inc. (NASDAQ:NEON - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.12 and traded as high as $8.20. Neonode shares last traded at $8.05, with a volume of 49,719 shares.
Neonode Stock Up 6.6 %
The stock has a fifty day moving average of $8.44 and a 200-day moving average of $8.13. The stock has a market cap of $152.05 million, a PE ratio of -12.76 and a beta of 2.00.
Institutional Investors Weigh In On Neonode
Large investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. acquired a new position in Neonode in the 4th quarter valued at $25,000. Squarepoint Ops LLC purchased a new position in Neonode during the fourth quarter worth about $107,000. Jane Street Group LLC raised its holdings in Neonode by 81.5% during the fourth quarter. Jane Street Group LLC now owns 19,962 shares of the electronics maker's stock worth $164,000 after purchasing an additional 8,962 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Neonode in the 4th quarter valued at approximately $173,000. Finally, State Street Corp increased 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 worth $418,000 after purchasing an additional 15,400 shares during the period. Hedge funds and other institutional investors own 11.63% of the company's stock.
About Neonode
(
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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.
Further Reading
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