Neonode, Inc (NASDAQ:NEON) shares saw unusually-strong trading volume on Wednesday . Approximately 1,076,381 shares were traded during mid-day trading, an increase of 74% from the previous session’s volume of 620,091 shares.The stock last traded at $0.81 and had previously closed at $0.74.

Several research analysts recently weighed in on NEON shares. Zacks Investment Research downgraded shares of Neonode from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. ValuEngine downgraded shares of Neonode from a “hold” rating to a “sell” rating in a research note on Monday, October 16th.

The company has a current ratio of 3.12, a quick ratio of 2.59 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $47.47, a P/E ratio of -11.43 and a beta of 1.19.

Neonode (NASDAQ:NEON) last posted its quarterly earnings data on Thursday, November 9th. The electronics maker reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.01). Neonode had a negative net margin of 34.32% and a negative return on equity of 69.28%. The company had revenue of $2.31 million for the quarter, compared to analyst estimates of $2.56 million. research analysts anticipate that Neonode, Inc will post -0.08 EPS for the current year.

In other news, Director Ulf Rosberg bought 100,000 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was acquired at an average price of $0.90 per share, for a total transaction of $90,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 14.90% of the company’s stock.

An institutional investor recently raised its position in Neonode stock. Royce & Associates LP lifted its position in shares of Neonode, Inc (NASDAQ:NEON) by 9.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,218,614 shares of the electronics maker’s stock after purchasing an additional 186,575 shares during the quarter. Royce & Associates LP owned about 4.54% of Neonode worth $2,396,000 as of its most recent filing with the SEC. Institutional investors own 14.41% of the company’s stock.

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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.

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