Shares of Neonode Inc. (NASDAQ:NEON - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $9.19 and traded as high as $20.73. Neonode shares last traded at $19.04, with a volume of 695,759 shares traded.
Analyst Ratings Changes
Separately, Wall Street Zen downgraded shares of Neonode from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd.
Read Our Latest Report on Neonode
Neonode Stock Up 2.1%
The business has a 50-day simple moving average of $10.75 and a 200-day simple moving average of $9.19. The company has a market cap of $319.49 million, a PE ratio of -26.82 and a beta of 0.42.
Neonode (NASDAQ:NEON - Get Free Report) last posted its quarterly earnings data 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). Neonode had a negative net margin of 217.85% and a negative return on equity of 38.24%. The firm had revenue of $0.51 million during the quarter, compared to analysts' expectations of $0.65 million. As a group, equities research analysts predict that Neonode Inc. will post -0.42 EPS for the current fiscal year.
Institutional Trading of Neonode
A number of institutional investors and hedge funds have recently bought and sold shares of NEON. Jane Street Group LLC boosted its stake in shares of Neonode by 137.1% in the first 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 period. Goldman Sachs Group Inc. acquired a new stake in Neonode during the 1st quarter worth approximately $393,000. OMERS ADMINISTRATION Corp purchased a new position in Neonode in the 1st quarter valued at approximately $234,000. Squarepoint Ops LLC acquired a new position in shares of Neonode in the fourth quarter worth $107,000. Finally, Northern Trust Corp increased its position in shares of Neonode by 654.4% during the fourth quarter. Northern Trust Corp now owns 158,709 shares of the electronics maker's stock worth $1,306,000 after acquiring an additional 137,671 shares during the period. 11.63% of the stock is currently owned by hedge funds and other institutional investors.
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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