Shares of Neonode Inc. (NASDAQ:NEON - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.25 and traded as high as $8.41. Neonode shares last traded at $8.36, with a volume of 67,212 shares.
Neonode Trading Down 1.2 %
The company has a market capitalization of $138.12 million, a price-to-earnings ratio of -11.59 and a beta of 1.99. The company has a fifty day moving average of $8.59 and a 200-day moving average of $8.26.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. SBI Securities Co. Ltd. acquired a new position in shares of Neonode during the 4th quarter worth approximately $25,000. Squarepoint Ops LLC acquired a new position in shares of Neonode during the 4th quarter worth approximately $107,000. Jane Street Group LLC boosted its holdings in shares of Neonode by 81.5% during the 4th 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 during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Neonode during the 4th quarter worth approximately $173,000. Finally, Centiva Capital LP acquired a new position in shares of Neonode during the 3rd quarter worth approximately $201,000. 11.63% of the stock is currently owned by institutional investors and hedge funds.
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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