Neonode (NEON) Receiving Somewhat Positive Press Coverage, Analysis Finds
News stories about Neonode (NASDAQ:NEON) have trended somewhat positive on Monday, according to Accern. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Neonode earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned news articles about the electronics maker an impact score of 47.7293120857935 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Separately, Zacks Investment Research raised shares of Neonode from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 17th.
Shares of Neonode (NEON) traded up $0.02 during mid-day trading on Monday, reaching $0.51. 70,047 shares of the company traded hands, compared to its average volume of 310,180. Neonode has a 1 year low of $0.46 and a 1 year high of $1.80. The company has a quick ratio of 2.59, a current ratio of 3.12 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $30.47, a price-to-earnings ratio of -7.29 and a beta of 1.04.
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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