Neonode (NASDAQ:NEON) Stock Price Passes Above 50 Day Moving Average of $3.03

Neonode, Inc (NASDAQ:NEON)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $3.03 and traded as high as $2.37. Neonode shares last traded at $2.37, with a volume of 200 shares traded.

Separately, ValuEngine downgraded shares of Neonode from a “buy” rating to a “hold” rating in a report on Friday, May 3rd.

The company has a fifty day moving average price of $2.98. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.13 and a current ratio of 3.57.

Neonode (NASDAQ:NEON) last posted its quarterly earnings data on Wednesday, May 8th. The electronics maker reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.02. Neonode had a negative net margin of 35.96% and a negative return on equity of 37.07%. The company had revenue of $2.01 million for the quarter.

An institutional investor recently bought a new position in Neonode stock. Geode Capital Management LLC bought a new stake in shares of Neonode, Inc (NASDAQ:NEON) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 17,533 shares of the electronics maker’s stock, valued at approximately $29,000. Geode Capital Management LLC owned approximately 0.30% of Neonode as of its most recent filing with the SEC. Institutional investors own 6.06% of the company’s stock.

Neonode Company Profile (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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