Neonode (NASDAQ:NEON) Shares Cross Above 50-Day Moving Average of $2.80

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Shares of Neonode, Inc (NASDAQ:NEON) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $2.80 and traded as high as $2.95. Neonode shares last traded at $2.88, with a volume of 4,200 shares changing hands.

Separately, ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd.

The stock’s 50 day moving average price is $2.80. 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 announced its quarterly earnings results on Wednesday, May 8th. The electronics maker reported ($0.07) EPS for the quarter, beating the Zacks’ 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 business had revenue of $2.01 million for the quarter.

An institutional investor recently bought a new position in Neonode stock. Geode Capital Management LLC purchased a new stake in shares of Neonode, Inc (NASDAQ:NEON) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 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. 6.06% of the stock is currently owned by hedge funds and other institutional investors.

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.

Read More: Net Margin – Understanding the Different Kinds of Profit

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