Shares of Neonode Inc. (NASDAQ:NEON - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.59 and traded as high as $8.14. Neonode shares last traded at $7.97, with a volume of 59,534 shares trading hands.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on NEON shares. StockNews.com upgraded Neonode to a "sell" rating in a research report on Friday, November 8th. LADENBURG THALM/SH SH started coverage on Neonode in a research report on Friday, October 18th. They set a "buy" rating and a $16.50 price target on the stock.
View Our Latest Report on NEON
Neonode Stock Up 1.7 %
The company has a market cap of $133.74 million, a PE ratio of -11.23 and a beta of 1.96. The stock has a 50-day moving average of $7.76 and a 200-day moving average of $6.59.
Institutional Investors Weigh In On Neonode
Hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its position in Neonode by 12.1% in 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. State Street Corp grew its holdings in shares of 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 during the last quarter. Finally, Centiva Capital LP bought a new position in shares of Neonode during the 3rd quarter valued at $201,000. Institutional investors own 11.63% of the company's stock.
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.
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