Neonode Inc. (NASDAQ:NEON – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $3.99 and traded as high as $8.10. Neonode shares last traded at $8.03, with a volume of 127,634 shares.
Analyst Upgrades and Downgrades
Separately, LADENBURG THALM/SH SH initiated coverage on shares of Neonode in a research report on Friday. They set a “buy” rating and a $16.50 price target on the stock.
Check Out Our Latest Stock Analysis on Neonode
Neonode Price Performance
Neonode (NASDAQ:NEON – Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The electronics maker reported ($0.11) earnings per share (EPS) for the quarter. The firm had revenue of $1.42 million for the quarter. Neonode had a negative return on equity of 64.05% and a negative net margin of 247.41%.
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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