Neonode Inc. (NASDAQ:NEON - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.62 and traded as high as $10.23. Neonode shares last traded at $9.88, with a volume of 86,823 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 report on Thursday.
Check Out Our Latest Report on NEON
Neonode Stock Down 2.2%
The company's 50 day moving average is $9.55 and its 200 day moving average is $8.62. The firm has a market capitalization of $165.82 million, a price-to-earnings ratio of -13.92 and a beta of 0.45.
Neonode (NASDAQ:NEON - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The electronics maker reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.03). Neonode had a negative net margin of 252.78% and a negative return on equity of 67.67%. The business had revenue of $0.51 million during the quarter, compared to analyst estimates of $0.65 million. On average, analysts expect that Neonode Inc. will post -0.42 EPS for the current year.
Institutional Investors Weigh In On Neonode
Hedge funds have recently made changes to their positions in the stock. Northern Trust Corp boosted its position in Neonode by 654.4% during the 4th quarter. Northern Trust Corp now owns 158,709 shares of the electronics maker's stock worth $1,306,000 after buying an additional 137,671 shares during the period. Goldman Sachs Group Inc. acquired a new stake in Neonode during the 1st quarter worth approximately $393,000. OMERS ADMINISTRATION Corp acquired a new stake in Neonode during the 1st quarter worth approximately $234,000. Jane Street Group LLC boosted its position in Neonode by 137.1% during the 1st quarter. Jane Street Group LLC now owns 47,320 shares of the electronics maker's stock worth $385,000 after buying an additional 27,358 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in Neonode during the 4th quarter worth approximately $173,000. 11.63% of the stock is currently owned by institutional investors and hedge funds.
Neonode Company Profile
(
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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