Neonode (NASDAQ:NEON) Now Covered by LADENBURG THALM/SH SH

Research analysts at LADENBURG THALM/SH SH assumed coverage on shares of Neonode (NASDAQ:NEON) in a research note issued to investors on Friday, MarketBeat.com reports. The brokerage set a “buy” rating and a $16.50 price target on the electronics maker’s stock. LADENBURG THALM/SH SH’s price objective points to a potential upside of 79.74% from the company’s previous close.

Neonode Price Performance

Shares of NEON opened at $9.18 on Friday. The firm has a 50-day simple moving average of $7.40 and a two-hundred day simple moving average of $4.09. The stock has a market cap of $142.01 million, a PE ratio of -12.75 and a beta of 1.89. Neonode has a 1-year low of $1.02 and a 1-year high of $15.00.

Neonode (NASDAQ:NEON) last posted its quarterly earnings data on Thursday, August 8th. The electronics maker reported ($0.11) earnings per share for the quarter. The company had revenue of $1.42 million for the quarter. Neonode had a negative return on equity of 64.05% and a negative net margin of 247.41%.

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.