Neonode (NEON) Set to Announce Quarterly Earnings on Wednesday

Neonode (NASDAQ:NEONGet Rating) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, May 11th.

Neonode (NASDAQ:NEONGet Rating) last announced its quarterly earnings results on Thursday, March 10th. The electronics maker reported ($0.11) earnings per share for the quarter. Neonode had a negative net margin of 110.52% and a negative return on equity of 56.96%. The company had revenue of $1.49 million during the quarter.

Shares of NEON opened at $4.85 on Thursday. The firm’s 50 day moving average price is $5.13 and its two-hundred day moving average price is $6.99. The firm has a market cap of $65.86 million, a P/E ratio of -8.98 and a beta of 2.36. Neonode has a twelve month low of $3.70 and a twelve month high of $12.42.

Separately, StockNews.com started coverage on shares of Neonode in a research report on Thursday, April 28th. They issued a “sell” rating on the stock.

Several hedge funds have recently made changes to their positions in the company. Millennium Management LLC bought a new stake in shares of Neonode in the fourth quarter worth $133,000. Geode Capital Management LLC lifted its position in shares of Neonode by 11.4% in the fourth quarter. Geode Capital Management LLC now owns 46,025 shares of the electronics maker’s stock worth $407,000 after purchasing an additional 4,702 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Neonode in the fourth quarter worth $564,000. Northern Trust Corp lifted its position in shares of Neonode by 69.7% in the fourth quarter. Northern Trust Corp now owns 17,337 shares of the electronics maker’s stock worth $153,000 after purchasing an additional 7,118 shares in the last quarter. Finally, UBS Group AG bought a new stake in shares of Neonode in the third quarter worth $143,000. 17.86% of the stock is currently owned by institutional investors and hedge funds.

About Neonode (Get Rating)

Neonode Inc, together with its subsidiaries, develops optical sensing solutions for contactless touch, touch, and gesture sensing in the United States, Japan, South Korea, China, and internationally. It also offers software solutions for scene analysis using advanced machine learning algorithms to detect and track persons and objects in video streams for cameras and other types of imagers.

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Earnings History for Neonode (NASDAQ:NEON)

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