Stock analysts at StockNews.com started coverage on shares of Neonode (NASDAQ:NEON – Get Free Report) in a research note issued to investors on Saturday. The brokerage set a “hold” rating on the electronics maker’s stock.
Neonode Stock Up 7.7 %
Shares of NASDAQ NEON opened at $1.97 on Friday. The company has a market cap of $30.26 million, a PE ratio of -2.98 and a beta of 2.04. The firm’s 50-day moving average price is $1.47 and its 200-day moving average price is $1.58. Neonode has a 52-week low of $1.02 and a 52-week high of $8.97.
Neonode (NASDAQ:NEON – Get Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The electronics maker reported ($0.39) earnings per share (EPS) for the quarter. The business had revenue of $0.99 million during the quarter. Neonode had a negative return on equity of 44.82% and a negative net margin of 227.53%.
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, 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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