Neonode Inc. (NEON) Director Ulf Rosberg Purchases 100,000 Shares
Neonode Inc. (NASDAQ:NEON) Director Ulf Rosberg bought 100,000 shares of the business’s stock in a transaction on Wednesday, December 6th. The stock was bought at an average price of $0.90 per share, for a total transaction of $90,000.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of Neonode Inc. (NEON) traded up $0.03 during trading hours on Friday, hitting $0.95. 134,700 shares of the stock were exchanged, compared to its average volume of 140,083. The company has a current ratio of 3.12, a quick ratio of 2.59 and a debt-to-equity ratio of 0.18. Neonode Inc. has a 52 week low of $0.79 and a 52 week high of $2.19.
Neonode (NASDAQ:NEON) last issued its quarterly earnings results on Thursday, November 9th. The electronics maker reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The business had revenue of $2.31 million for the quarter, compared to analyst estimates of $2.56 million. Neonode had a negative return on equity of 69.28% and a negative net margin of 34.32%. equities analysts anticipate that Neonode Inc. will post -0.08 earnings per share for the current year.
An institutional investor recently raised its position in Neonode stock. Royce & Associates LP lifted its holdings in shares of Neonode Inc. (NASDAQ:NEON) by 9.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,218,614 shares of the electronics maker’s stock after purchasing an additional 186,575 shares during the period. Royce & Associates LP owned 4.54% of Neonode worth $2,396,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 14.59% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This piece was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another website, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/12/08/neonode-inc-neon-director-ulf-rosberg-purchases-100000-shares.html.
Neonode Company Profile
Neonode Inc, formerly SBE, Inc, develops and licenses user interfaces and optical infrared touch solutions. The Company’s technology offers multiple features, including the ability to sense an object’s size, depth, velocity, pressure and proximity to any type of surface. It operates through the touch technology licensing business segment.
Receive News & Ratings for Neonode Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Neonode Inc. and related companies with MarketBeat.com's FREE daily email newsletter.