Neonode (NASDAQ:NEON) Shares Pass Above Two Hundred Day Moving Average of $0.00

Neonode, Inc (NASDAQ:NEON)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.00 and traded as high as $2.54. Neonode shares last traded at $2.54, with a volume of 39 shares.

A number of research firms have recently issued reports on NEON. Robert W. Baird began coverage on shares of Neonode in a report on Friday, July 26th. They set an “outperform” rating and a $15.00 target price for the company. ValuEngine raised shares of Neonode from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd.

The firm has a fifty day simple moving average of $2.81. 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 announced its quarterly earnings results on Wednesday, May 8th. The electronics maker reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.02. The firm had revenue of $2.01 million for the quarter. Neonode had a negative net margin of 35.96% and a negative return on equity of 37.07%.

A hedge fund recently bought a new stake in Neonode stock. Geode Capital Management LLC bought a new stake in Neonode, Inc (NASDAQ:NEON) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 17,533 shares of the electronics maker’s stock, valued at approximately $29,000. Geode Capital Management LLC owned 0.30% of Neonode as of its most recent filing with the Securities & Exchange Commission. 6.06% of the stock is owned by institutional investors.

About Neonode (NASDAQ:NEON)

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.

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