Shares of Neonode Inc. (NASDAQ:NEON - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.14 and traded as high as $25.82. Neonode shares last traded at $25.49, with a volume of 160,577 shares trading hands.
Wall Street Analyst Weigh In
Separately, Wall Street Zen downgraded shares of Neonode from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd.
Check Out Our Latest Stock Analysis on NEON
Neonode Trading Up 1.2%
The stock's 50 day moving average price is $15.64 and its 200 day moving average price is $11.14. The firm has a market cap of $427.72 million, a PE ratio of -35.90 and a beta of 0.78.
Neonode (NASDAQ:NEON - Get Free Report) last issued its earnings results on Wednesday, May 14th. The electronics maker reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.03). Neonode had a negative net margin of 217.85% and a negative return on equity of 38.24%. The business had revenue of $0.51 million during the quarter, compared to analysts' expectations of $0.65 million. Analysts forecast that Neonode Inc. will post -0.42 earnings per share for the current year.
Hedge Funds Weigh In On Neonode
A number of institutional investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in Neonode in the 4th quarter worth $25,000. Jane Street Group LLC lifted its holdings in Neonode by 81.5% in the 4th quarter. Jane Street Group LLC now owns 19,962 shares of the electronics maker's stock worth $164,000 after buying an additional 8,962 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Neonode by 8.5% in the 4th quarter. Geode Capital Management LLC now owns 136,678 shares of the electronics maker's stock worth $1,125,000 after buying an additional 10,732 shares in the last quarter. Squarepoint Ops LLC acquired a new position in Neonode in the 4th quarter worth $107,000. Finally, Renaissance Technologies LLC acquired a new position in Neonode in the 4th 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.
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