Neonode (NASDAQ:NEON) Research Coverage Started at assumed coverage on shares of Neonode (NASDAQ:NEONGet Rating) in a report released on Monday. The firm set a “sell” rating on the electronics maker’s stock.

Neonode Stock Down 0.2 %

Neonode stock opened at $4.98 on Monday. The business has a fifty day moving average price of $5.78 and a 200-day moving average price of $5.45. Neonode has a 1-year low of $3.70 and a 1-year high of $12.42. The stock has a market capitalization of $67.61 million, a price-to-earnings ratio of -9.96 and a beta of 2.40. The company has a debt-to-equity ratio of 0.01, a current ratio of 7.78 and a quick ratio of 6.44.

Neonode (NASDAQ:NEONGet Rating) last issued its quarterly earnings results on Wednesday, May 11th. The electronics maker reported ($0.10) earnings per share for the quarter. The business had revenue of $1.32 million for the quarter. Neonode had a negative return on equity of 46.65% and a negative net margin of 114.08%.

Institutional Investors Weigh In On Neonode

A hedge fund recently raised its stake in Neonode stock. State Street Corp raised its position in shares of Neonode Inc. (NASDAQ:NEONGet Rating) by 14.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,411 shares of the electronics maker’s stock after purchasing an additional 2,680 shares during the quarter. State Street Corp owned 0.16% of Neonode worth $130,000 at the end of the most recent reporting period. 17.86% of the stock is currently owned by institutional investors and hedge funds.

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, 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.

Further Reading

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