Neonode (NEON) Hits New 1-Year Low at $0.75

Shares of Neonode, Inc (NASDAQ:NEON) reached a new 52-week low during trading on Tuesday . The company traded as low as $0.75 and last traded at $0.82, with a volume of 77200 shares traded. The stock had previously closed at $0.83.

A number of analysts have commented on the stock. ValuEngine raised shares of Neonode from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. Zacks Investment Research raised shares of Neonode from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th.

The company has a quick ratio of 2.59, a current ratio of 3.12 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $46.65, a price-to-earnings ratio of -11.29 and a beta of 1.16.

Neonode (NASDAQ:NEON) last released its earnings results on Thursday, November 9th. The electronics maker reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). Neonode had a negative return on equity of 69.28% and a negative net margin of 34.32%. The business had revenue of $2.31 million for the quarter, compared to analyst estimates of $2.56 million. equities research analysts anticipate that Neonode, Inc will post -0.08 EPS for the current year.

In other news, Director Ulf Rosberg purchased 100,000 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was bought at an average price of $0.90 per share, with a total value of $90,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 14.90% of the stock is owned by insiders.

An institutional investor recently raised its position in Neonode stock. Royce & Associates LP grew its position in Neonode, Inc (NASDAQ:NEON) by 9.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,218,614 shares of the electronics maker’s stock after buying an additional 186,575 shares during the period. Royce & Associates LP owned approximately 4.54% of Neonode worth $2,396,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 14.41% of the company’s stock.

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Neonode Company Profile

Neonode Inc, formerly SBE, Inc, develops and licenses user interfaces and optical infrared touch solutions. The Company’s technology offers multiple features, including the ability to sense an object’s size, depth, velocity, pressure and proximity to any type of surface. It operates through the touch technology licensing business segment.

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