Renaissance Technologies LLC purchased a new stake in Neonode Inc. (NASDAQ:NEON - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 21,074 shares of the electronics maker's stock, valued at approximately $173,000. Renaissance Technologies LLC owned about 0.13% of Neonode as of its most recent filing with the Securities and Exchange Commission.
Separately, SBI Securities Co. Ltd. acquired a new position in Neonode in the 4th quarter worth about $25,000. Institutional investors and hedge funds own 11.63% of the company's stock.
Neonode Trading Down 1.4 %
Shares of NEON stock opened at $12.22 on Wednesday. The firm has a market capitalization of $205.09 million, a price-to-earnings ratio of -17.21 and a beta of 2.00. The business's 50-day moving average price is $8.93 and its 200-day moving average price is $8.40. Neonode Inc. has a 12 month low of $1.90 and a 12 month high of $15.00.
About Neonode
(
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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