Equities researchers at StockNews.com started coverage on shares of Neonode (NASDAQ:NEON – Get Free Report) in a research report issued on Sunday. The brokerage set a “hold” rating on the electronics maker’s stock.
Neonode Stock Up 9.1 %
Shares of Neonode stock opened at $2.27 on Friday. The firm has a market capitalization of $34.87 million, a P/E ratio of -3.44 and a beta of 1.79. The company has a 50 day moving average price of $1.55 and a 200 day moving average price of $1.61. Neonode has a 52 week low of $1.02 and a 52 week high of $8.97.
Neonode (NASDAQ:NEON – Get Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The electronics maker reported ($0.39) EPS for the quarter. The company had revenue of $0.99 million during the quarter. Neonode had a negative net margin of 227.53% and a negative return on equity of 44.82%.
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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