Separately, LADENBURG THALM/SH SH assumed coverage on shares of Neonode in a research report on Friday, October 18th. They set a "buy" rating and a $16.50 price target for the company.
Check Out Our Latest Report on Neonode
NEON traded up $0.19 during trading on Friday, hitting $8.05. 134,863 shares of the company traded hands, compared to its average volume of 283,548. The firm has a market cap of $124.53 million, a P/E ratio of -11.18 and a beta of 1.89. The stock's fifty day moving average is $7.85 and its 200 day moving average is $4.26. Neonode has a one year low of $1.02 and a one year high of $15.00.
Neonode (NASDAQ:NEON - Get Free Report) last posted its quarterly 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%. On average, equities research analysts forecast that Neonode will post -0.48 EPS for the current fiscal year.
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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