Neonode (NASDAQ:NEON) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Neonode (NASDAQ:NEON) to a sell rating in a research note published on Friday morning.

Separately, LADENBURG THALM/SH SH started coverage on Neonode in a research report on Friday, October 18th. They set a “buy” rating and a $16.50 price target for the company.

Neonode Price Performance

NASDAQ NEON opened at $8.05 on Friday. The stock has a market capitalization of $124.53 million, a P/E ratio of -11.18 and a beta of 1.89. The firm’s 50-day moving average is $7.96 and its two-hundred day moving average is $4.35. Neonode has a 12 month low of $1.02 and a 12 month high of $15.00.

Neonode (NASDAQ:NEON) last issued its quarterly earnings data on Thursday, August 8th. The electronics maker reported ($0.11) EPS for the quarter. The company had revenue of $1.42 million during the quarter. Neonode had a negative return on equity of 64.05% and a negative net margin of 247.41%. As a group, analysts anticipate that Neonode will post -0.48 EPS for the current year.

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.