StockNews.com upgraded shares of Neonode (NASDAQ:NEON - Free Report) to a sell rating in a report released on Friday morning.
Separately, LADENBURG THALM/SH SH started coverage on shares of Neonode in a research note on Friday, October 18th. They issued a "buy" rating and a $16.50 price objective on the stock.
Check Out Our Latest Stock Report on NEON
Neonode Stock Down 10.2 %
Shares of NEON traded down $0.75 during trading hours on Friday, hitting $6.57. 225,397 shares of the company were exchanged, compared to its average volume of 277,246. Neonode has a fifty-two week low of $1.10 and a fifty-two week high of $15.00. The company has a market cap of $101.64 million, a price-to-earnings ratio of -9.25 and a beta of 1.93. The firm's fifty day moving average is $8.36 and its 200 day moving average is $4.71.
Neonode (NASDAQ:NEON - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The electronics maker reported ($0.07) earnings per share (EPS) for the quarter. Neonode had a negative return on equity of 70.81% and a negative net margin of 252.78%. The firm had revenue of $0.84 million for the quarter. Analysts anticipate that Neonode will post -0.48 EPS for the current year.
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.
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