Neonode Inc. (NASDAQ:NEON – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.57 and traded as high as $1.68. Neonode shares last traded at $1.63, with a volume of 167,596 shares.
Wall Street Analyst Weigh In
Separately, StockNews.com began coverage on Neonode in a research note on Friday. They set a “hold” rating for the company.
Read Our Latest Stock Analysis on Neonode
Neonode Stock Up 19.0 %
Neonode (NASDAQ:NEON – Get Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The electronics maker reported ($0.39) earnings per share for the quarter. The firm had revenue of $0.99 million during the quarter. Neonode had a negative net margin of 227.53% and a negative return on equity of 44.82%.
Institutional Trading of Neonode
A number of institutional investors have recently bought and sold shares of NEON. Vanguard Group Inc. raised its position in shares of Neonode by 15.8% during the 3rd quarter. Vanguard Group Inc. now owns 140,915 shares of the electronics maker’s stock worth $225,000 after acquiring an additional 19,245 shares in the last quarter. BlackRock Inc. lifted its position in shares of Neonode by 32.7% during the 2nd quarter. BlackRock Inc. now owns 124,431 shares of the electronics maker’s stock worth $1,005,000 after buying an additional 30,667 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Neonode by 10.0% during the 2nd quarter. Geode Capital Management LLC now owns 97,444 shares of the electronics maker’s stock worth $787,000 after buying an additional 8,884 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Neonode in the 1st quarter valued at $502,000. Finally, Susquehanna International Group LLP purchased a new position in shares of Neonode in the 4th quarter valued at $288,000. 11.63% of the stock is owned by hedge funds and other institutional investors.
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, Switzerland, Germany, 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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