Neonode (NASDAQ:NEON – Get Free Report) announced its quarterly earnings results on Wednesday. The electronics maker reported ($0.07) earnings per share for the quarter, reports. Neonode had a negative net margin of 252.78% and a negative return on equity of 70.81%. The company had revenue of $0.84 million during the quarter.
Neonode Stock Performance
Shares of NEON stock opened at $6.57 on Friday. The stock’s fifty day moving average is $8.36 and its 200-day moving average is $4.71. The stock has a market capitalization of $101.64 million, a PE ratio of -9.25 and a beta of 1.93. Neonode has a 52 week low of $1.10 and a 52 week high of $15.00.
Analyst Ratings Changes
A number of analysts have weighed in on the company. LADENBURG THALM/SH SH assumed coverage on Neonode in a research report on Friday, October 18th. They issued a “buy” rating and a $16.50 price target on the stock. StockNews.com upgraded Neonode to a “sell” rating in a report on Friday.
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.
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