Neonode Inc. (NASDAQ:NEON) Rating Lowered to Hold at Craig Hallum
Neonode Inc. (NASDAQ:NEON) was downgraded by analysts at Craig Hallum from a “buy” rating to a “hold” rating in a report released on Wednesday, August 9th.
A number of other brokerages have also recently commented on NEON. Zacks Investment Research cut Neonode from a “hold” rating to a “sell” rating in a research note on Tuesday, May 23rd. ValuEngine raised Neonode from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd.
Neonode (NASDAQ NEON) traded up 5.45% on Wednesday, hitting $1.16. The stock had a trading volume of 41,697 shares. The stock’s market capitalization is $56.66 million. The company has a 50-day moving average price of $1.11 and a 200-day moving average price of $1.38. Neonode has a 1-year low of $0.96 and a 1-year high of $2.19.
Neonode (NASDAQ:NEON) last announced its quarterly earnings results on Wednesday, August 9th. The electronics maker reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.01. The company had revenue of $2.33 million during the quarter, compared to analysts’ expectations of $3.68 million. Neonode had a negative return on equity of 123.74% and a negative net margin of 48.19%. Equities analysts predict that Neonode will post ($0.03) earnings per share for the current year.
COPYRIGHT VIOLATION NOTICE: “Neonode Inc. (NASDAQ:NEON) Rating Lowered to Hold at Craig Hallum” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this article on another publication, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/08/19/neonode-inc-nasdaqneon-downgraded-by-craig-hallum-updated.html.
An institutional investor recently raised its position in Neonode stock. Royce & Associates LP raised its stake in shares of Neonode Inc. (NASDAQ:NEON) by 9.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 2,218,614 shares of the electronics maker’s stock after buying an additional 186,575 shares during the period. Royce & Associates LP owned about 4.54% of Neonode worth $2,396,000 at the end of the most recent reporting period. 25.70% of the stock is currently owned by hedge funds and other institutional investors.
Neonode Company Profile
Neonode Inc, formerly SBE, Inc, develops and licenses user interfaces and optical infrared touch solutions. The Company’s technology offers multiple features, including the ability to sense an object’s size, depth, velocity, pressure and proximity to any type of surface. It operates through the touch technology licensing business segment.
Receive News & Stock Ratings for Neonode Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Neonode Inc. and related stocks with our FREE daily email newsletter.