Stock analysts at StockNews.com initiated coverage on shares of Neonode (NASDAQ:NEON – Get Free Report) in a report issued on Friday. The brokerage set a “hold” rating on the electronics maker’s stock.
Neonode Trading Up 19.0 %
NASDAQ NEON opened at $1.63 on Friday. The company has a market cap of $25.04 million, a P/E ratio of -2.47 and a beta of 2.04. The company has a fifty day simple moving average of $1.45 and a 200 day simple moving average of $1.57. Neonode has a 12-month low of $1.02 and a 12-month high of $8.97.
Neonode (NASDAQ:NEON – Get Free Report) last released its quarterly earnings data on Wednesday, February 28th. The electronics maker reported ($0.39) earnings per share for the quarter. The business had revenue of $0.99 million during the quarter. Neonode had a negative net margin of 227.53% and a negative return on equity of 44.82%.
Institutional Trading of Neonode
About Neonode
Neonode Inc, together with its subsidiaries, develops optical sensing solutions for contactless touch, touch, and gesture sensing in the United States, Japan, South Korea, Switzerland, Germany, 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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