Neonode (NASDAQ:NEON) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Neonode (NASDAQ:NEONFree Report) in a research note released on Wednesday. The brokerage issued a hold rating on the electronics maker’s stock.

Neonode Stock Down 2.3 %

Shares of NASDAQ NEON opened at $1.69 on Wednesday. The business has a 50-day moving average of $1.92 and a two-hundred day moving average of $1.81. Neonode has a 1 year low of $1.02 and a 1 year high of $9.84.

Neonode (NASDAQ:NEONGet Free Report) last posted its earnings results on Thursday, November 9th. The electronics maker reported ($0.08) earnings per share for the quarter. Neonode had a negative net margin of 100.53% and a negative return on equity of 23.12%. The firm had revenue of $1.00 million during the quarter.

Institutional Trading of Neonode

Institutional investors and hedge funds have recently made changes to their positions in the company. Investor AB lifted its holdings in shares of Neonode by 821.4% in the 2nd quarter. Investor AB now owns 34,774 shares of the electronics maker’s stock valued at $277,000 after purchasing an additional 31,000 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Neonode in the 1st quarter valued at about $502,000. Geode Capital Management LLC increased its position in Neonode by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 68,882 shares of the electronics maker’s stock valued at $378,000 after acquiring an additional 1,604 shares during the period. Vanguard Group Inc. increased its position in Neonode by 4.2% in the 3rd quarter. Vanguard Group Inc. now owns 85,642 shares of the electronics maker’s stock valued at $299,000 after acquiring an additional 3,432 shares during the period. Finally, Susquehanna International Group LLP acquired a new position in Neonode in the 4th quarter valued at about $288,000. 4.20% of the stock is owned by hedge funds and other institutional investors.

Neonode Company Profile

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for Neonode Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Neonode and related companies with MarketBeat.com's FREE daily email newsletter.