Neonode Inc. (NASDAQ:NEON - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.12 and traded as high as $8.20. Neonode shares last traded at $8.05, with a volume of 49,719 shares.
Neonode Stock Performance
The firm has a fifty day moving average of $8.44 and a 200-day moving average of $8.13. The stock has a market capitalization of $152.05 million, a price-to-earnings ratio of -12.76 and a beta of 2.00.
Institutional Investors Weigh In On Neonode
Several hedge funds have recently modified their holdings of the stock. State Street Corp grew its position in Neonode by 50.5% in the third quarter. State Street Corp now owns 45,911 shares of the electronics maker's stock valued at $418,000 after acquiring an additional 15,400 shares in the last quarter. Geode Capital Management LLC grew its holdings in Neonode by 12.1% during the 3rd quarter. Geode Capital Management LLC now owns 125,946 shares of the electronics maker's stock valued at $1,146,000 after purchasing an additional 13,590 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Neonode during the 4th quarter worth $25,000. Renaissance Technologies LLC acquired a new position in Neonode in the 4th quarter worth $173,000. Finally, Northern Trust Corp boosted its position in Neonode by 654.4% in the 4th quarter. Northern Trust Corp now owns 158,709 shares of the electronics maker's stock valued at $1,306,000 after buying an additional 137,671 shares during the last quarter. 11.63% of the stock is currently owned by hedge funds and other institutional investors.
Neonode Company Profile
(
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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.
Further Reading
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