StockNews.com started coverage on shares of Neonode (NASDAQ:NEON – Free Report) in a research note published on Sunday. The brokerage issued a hold rating on the electronics maker’s stock.
Neonode Price Performance
Shares of NEON stock traded up $0.19 on Friday, hitting $2.27. The company’s stock had a trading volume of 74,933 shares, compared to its average volume of 42,090. Neonode has a fifty-two week low of $1.02 and a fifty-two week high of $8.97. The firm’s fifty day moving average price is $1.53 and its 200-day moving average price is $1.61. The stock has a market capitalization of $34.87 million, a price-to-earnings ratio of -3.41 and a beta of 1.79.
Neonode (NASDAQ:NEON – Get Free Report) last released its quarterly earnings data on Wednesday, February 28th. The electronics maker reported ($0.39) earnings per share (EPS) for the quarter. Neonode had a negative net margin of 227.53% and a negative return on equity of 44.82%. The business 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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