Shares of Neonode Inc. (NASDAQ:NEON - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.83 and traded as high as $28.66. Neonode shares last traded at $27.77, with a volume of 300,140 shares changing hands.
Wall Street Analyst Weigh In
Separately, Wall Street Zen cut Neonode from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd.
Get Our Latest Research Report on Neonode
Neonode Stock Performance
The business has a 50-day simple moving average of $17.87 and a 200 day simple moving average of $12.08. The firm has a market cap of $490.58 million, a P/E ratio of -41.18 and a beta of 0.78.
Neonode (NASDAQ:NEON - Get Free Report) last announced its earnings results on Wednesday, May 14th. The electronics maker reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.03). The firm had revenue of $0.51 million during the quarter, compared to the consensus estimate of $0.65 million. Neonode had a negative return on equity of 38.24% and a negative net margin of 217.85%. On average, research analysts expect that Neonode Inc. will post -0.42 EPS for the current year.
Institutional Trading of Neonode
Several hedge funds and other institutional investors have recently made changes to their positions in NEON. Northern Trust Corp boosted its stake in Neonode by 654.4% during the 4th quarter. Northern Trust Corp now owns 158,709 shares of the electronics maker's stock valued at $1,306,000 after purchasing an additional 137,671 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in Neonode during the 1st quarter valued at $393,000. OMERS ADMINISTRATION Corp purchased a new stake in Neonode during the 1st quarter valued at $234,000. Jane Street Group LLC boosted its stake in Neonode by 137.1% during the 1st quarter. Jane Street Group LLC now owns 47,320 shares of the electronics maker's stock valued at $385,000 after purchasing an additional 27,358 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in Neonode during the 4th quarter valued at $173,000. 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.
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