LADENBURG THALM/SH SH initiated coverage on shares of Neonode (NASDAQ:NEON – Free Report) in a research note issued to investors on Friday morning, MarketBeat reports. The brokerage issued a buy rating and a $16.50 target price on the electronics maker’s stock.
Neonode Price Performance
NASDAQ NEON opened at $9.18 on Friday. The firm’s fifty day moving average price is $7.40 and its 200 day moving average price is $4.07. The company has a market capitalization of $142.01 million, a price-to-earnings ratio of -12.75 and a beta of 1.89. Neonode has a 12 month low of $1.02 and a 12 month high of $15.00.
Neonode (NASDAQ:NEON – Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The electronics maker reported ($0.11) earnings per share for the quarter. The business had revenue of $1.42 million for the quarter. Neonode had a negative return on equity of 64.05% and a negative net margin of 247.41%.
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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