Neonode (NASDAQ:NEON) Share Price Passes Above 200 Day Moving Average of $1.58

Neonode Inc. (NASDAQ:NEON) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.58 and traded as high as $2.05. Neonode shares last traded at $1.97, with a volume of 66,984 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Neonode in a report on Saturday. They issued a “hold” rating for the company.

Neonode Stock Performance

The company has a 50 day simple moving average of $1.47 and a 200 day simple moving average of $1.58. The company has a market capitalization of $30.26 million, a PE ratio of -2.98 and a beta of 2.04.

Neonode (NASDAQ:NEON) last posted its quarterly earnings data on Wednesday, February 28th. The electronics maker reported ($0.39) EPS for the quarter. Neonode had a negative return on equity of 44.82% and a negative net margin of 227.53%. The firm had revenue of $0.99 million for the quarter.

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.