Neonode (NASDAQ:NEON) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Neonode Inc. (NASDAQ:NEON)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $8.25 and traded as high as $8.41. Neonode shares last traded at $8.36, with a volume of 67,212 shares traded.

Neonode Trading Up 3.7 %

The firm has a market capitalization of $140.31 million, a P/E ratio of -11.77 and a beta of 1.99. The company has a 50-day moving average of $8.60 and a 200-day moving average of $8.25.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NEON. Northern Trust Corp raised its position in Neonode by 654.4% during the 4th quarter. Northern Trust Corp now owns 158,709 shares of the electronics maker’s stock worth $1,306,000 after purchasing an additional 137,671 shares during the last quarter. Centiva Capital LP bought a new position in Neonode during the 3rd quarter worth $201,000. Renaissance Technologies LLC bought a new position in Neonode during the 4th quarter worth $173,000. State Street Corp grew its holdings in Neonode by 50.5% during the 3rd quarter. State Street Corp now owns 45,911 shares of the electronics maker’s stock worth $418,000 after acquiring an additional 15,400 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Neonode by 12.1% during the 3rd quarter. Geode Capital Management LLC now owns 125,946 shares of the electronics maker’s stock worth $1,146,000 after acquiring an additional 13,590 shares during the period. 11.63% of the stock is owned by institutional investors.

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.