Geode Capital Management LLC Takes $29,000 Position in Neonode, Inc (NEON)

Geode Capital Management LLC acquired a new position in shares of Neonode, Inc (NASDAQ:NEON) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 17,533 shares of the electronics maker’s stock, valued at approximately $29,000.

Separately, ValuEngine cut shares of Neonode from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd.

Neonode stock opened at $3.16 on Friday. Neonode, Inc has a 12-month low of $1.31 and a 12-month high of $4.90. The company has a current ratio of 3.57, a quick ratio of 3.13 and a debt-to-equity ratio of 0.15.

Neonode (NASDAQ:NEON) last released its quarterly earnings data on Wednesday, May 8th. The electronics maker reported ($0.07) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.02. The business had revenue of $2.01 million during the quarter. Neonode had a negative net margin of 35.96% and a negative return on equity of 37.07%.

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Neonode Company Profile

Neonode Inc, together with its subsidiaries, develops and licenses user interface and optical interactive touch solutions under the zForce brand in the United States, Japan, Germany, China, Taiwan, South Korea, and internationally. It develops optical touch and gesture solutions for human interaction with devices.

Further Reading: Support Level

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