StockNews.com initiated coverage on shares of Neonode (NASDAQ:NEON – Free Report) in a research note issued to investors on Friday. The firm issued a hold rating on the electronics maker’s stock.
Neonode Stock Up 6.1 %
NASDAQ NEON opened at $1.91 on Friday. The stock’s 50-day simple moving average is $1.46 and its two-hundred day simple moving average is $1.57. Neonode has a twelve month low of $1.02 and a twelve month high of $8.97. The company has a market capitalization of $29.34 million, a price-to-earnings ratio of -2.89 and a beta of 2.04.
Neonode (NASDAQ:NEON – Get Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The electronics maker reported ($0.39) earnings per share for the quarter. The firm had revenue of $0.99 million for the quarter. Neonode had a negative net margin of 227.53% and a negative return on equity of 44.82%.
Neonode Company Profile
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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