Neonode Inc. (NASDAQ:NEON - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $8.28 and traded as high as $12.58. Neonode shares last traded at $12.25, with a volume of 128,410 shares.
Neonode Stock Performance
The company has a market cap of $207.94 million, a PE ratio of -17.45 and a beta of 2.00. The firm's 50 day moving average is $8.79 and its 200-day moving average is $8.35.
Hedge Funds Weigh In On Neonode
A number of institutional investors and hedge funds have recently added to or reduced their stakes in NEON. SBI Securities Co. Ltd. acquired a new stake in Neonode during the fourth quarter worth about $25,000. Jane Street Group LLC raised its position 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 valued at $164,000 after buying an additional 8,962 shares during the period. Geode Capital Management LLC lifted its holdings in Neonode by 8.5% in the fourth quarter. Geode Capital Management LLC now owns 136,678 shares of the electronics maker's stock valued at $1,125,000 after acquiring an additional 10,732 shares during the last quarter. Squarepoint Ops LLC purchased a new position in Neonode in the fourth quarter worth approximately $107,000. Finally, Renaissance Technologies LLC acquired a new stake in Neonode during the fourth quarter worth $173,000. Institutional investors and hedge funds 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.
Further Reading
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