Equities researchers at StockNews.com initiated coverage on shares of Neonode (NASDAQ:NEON – Get Free Report) in a research note issued on Sunday. The brokerage set a “hold” rating on the electronics maker’s stock.
Neonode Price Performance
NEON stock opened at $2.08 on Friday. The company has a 50 day moving average price of $1.53 and a 200 day moving average price of $1.60. Neonode has a fifty-two week low of $1.02 and a fifty-two week high of $8.97. The stock has a market capitalization of $31.95 million, a PE ratio of -3.15 and a beta of 1.79.
Neonode (NASDAQ:NEON – Get Free Report) last released its earnings results on Wednesday, February 28th. The electronics maker reported ($0.39) EPS for the quarter. Neonode had a negative net margin of 227.53% and a negative return on equity of 44.82%. The firm had revenue of $0.99 million during the quarter.
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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