Neonode (NASDAQ:NEON) Stock Crosses Above Two Hundred Day Moving Average of $1.93

Neonode Inc. (NASDAQ:NEON) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.93 and traded as high as $2.18. Neonode shares last traded at $2.16, with a volume of 16,948 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Neonode in a report on Friday, June 14th. They issued a “sell” rating for the company.

Neonode Price Performance

The business’s fifty day moving average price is $2.35 and its 200-day moving average price is $1.93. The stock has a market capitalization of $33.18 million, a PE ratio of -3.04 and a beta of 1.82.

Neonode (NASDAQ:NEON) last announced its quarterly earnings results on Wednesday, May 8th. The electronics maker reported ($0.14) EPS for the quarter. The firm had revenue of $1.01 million during the quarter. Neonode had a negative net margin of 256.11% and a negative return on equity of 54.27%.

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.