Neonode (NASDAQ:NEON) Coverage Initiated by Analysts at StockNews.com

Research analysts at StockNews.com started coverage on shares of Neonode (NASDAQ:NEON) in a report issued on Thursday. The brokerage set a “hold” rating on the electronics maker’s stock.

Neonode Stock Up 1.4 %

NEON opened at $1.45 on Thursday. Neonode has a 52 week low of $1.02 and a 52 week high of $8.97. The stock has a market cap of $22.27 million, a PE ratio of -2.20 and a beta of 2.04. The business has a 50 day moving average of $1.48 and a 200-day moving average of $1.57.

Neonode (NASDAQ:NEON) last announced its quarterly earnings data 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 for the quarter.

Institutional Trading of Neonode

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Neonode by 15.8% during the third quarter. Vanguard Group Inc. now owns 140,915 shares of the electronics maker’s stock valued at $225,000 after buying an additional 19,245 shares during the last quarter. BlackRock Inc. boosted its stake in Neonode by 32.7% in the 2nd quarter. BlackRock Inc. now owns 124,431 shares of the electronics maker’s stock worth $1,005,000 after purchasing an additional 30,667 shares in the last quarter. Geode Capital Management LLC grew its position in Neonode by 10.0% during the 2nd quarter. Geode Capital Management LLC now owns 97,444 shares of the electronics maker’s stock valued at $787,000 after purchasing an additional 8,884 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Neonode during the 1st quarter valued at about $502,000. Finally, Susquehanna International Group LLP bought a new position in shares of Neonode in the fourth quarter worth approximately $288,000. 11.63% of the stock is owned by institutional investors.

Neonode Company Profile

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.