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

Neonode (NASDAQ:NEON) was upgraded by equities researchers at StockNews.com to a “sell” rating in a research report issued to clients and investors on Friday.

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

Neonode Price Performance

Shares of NEON opened at $8.05 on Friday. Neonode has a 1 year low of $1.02 and a 1 year high of $15.00. The company has a 50 day simple moving average of $7.96 and a two-hundred day simple moving average of $4.33. The firm has a market cap of $124.53 million, a P/E ratio of -11.18 and a beta of 1.89.

Neonode (NASDAQ:NEON) last posted its earnings results on Thursday, August 8th. The electronics maker reported ($0.11) EPS for the quarter. Neonode had a negative net margin of 247.41% and a negative return on equity of 64.05%. The firm had revenue of $1.42 million for the quarter. On average, sell-side analysts anticipate that Neonode will post -0.48 earnings per share for the current year.

About Neonode

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.