Neonode (NASDAQ:NEON) Upgraded at StockNews.com

Neonode (NASDAQ:NEON) was upgraded by StockNews.com to a “sell” rating in a report released on Friday.

Separately, LADENBURG THALM/SH SH began coverage on Neonode in a research note on Friday, October 18th. They issued a “buy” rating and a $16.50 price objective for the company.

Neonode Trading Up 7.3 %

Shares of NEON opened at $7.32 on Friday. The firm has a market cap of $113.24 million, a PE ratio of -10.17 and a beta of 1.93. The firm has a fifty day simple moving average of $8.37 and a two-hundred day simple moving average of $4.68. Neonode has a 1-year low of $1.10 and a 1-year high of $15.00.

Neonode (NASDAQ:NEON) last announced its earnings results on Thursday, August 8th. The electronics maker reported ($0.11) earnings per share for the quarter. The company had revenue of $1.42 million for the quarter. Neonode had a negative net margin of 247.41% and a negative return on equity of 64.05%. As a group, research analysts forecast that Neonode will post -0.48 EPS for the current fiscal year.

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.