Neonode (NASDAQ:NEON) Director Lars Goran Lindqvist bought 15,000 shares of Neonode stock in a transaction dated Friday, October 18th. The shares were purchased at an average price of $6.25 per share, with a total value of $93,750.00. Following the completion of the purchase, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $93,750. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Zacks downgraded shares of Neonode to a “neutral” rating in a research note to investors on Tuesday, July 23rd. They now have a $7.70 price target on the stock.
Shares of Neonode (NASDAQ:NEON) traded up 9.52% during mid-day trading on Monday, hitting $6.79. The stock had a trading volume of 1,012,831 shares. Neonode has a 52-week low of $3.40 and a 52-week high of $8.84. The stock has a 50-day moving average of $6.37 and a 200-day moving average of $6.24. The company’s market cap is $235.0 million.
Neonode (NASDAQ:NEON) last announced its earnings results on Thursday, August 8th. The company reported ($0.09) EPS for the quarter, meeting the Thomson Reuters consensus estimate of ($0.09). The company had revenue of $1.08 million for the quarter, compared to the consensus estimate of $1.32 million.
Neonode Inc develops and licenses the next generation of optical multi touch solutions and user interface solutions to Original Equipment Manufacturer (NASDAQ:NEON) and Original Design Manufacturer (ODMs) who embeds the Company’s MultiSensing technology into handheld devices and touch screens that they develop and sell.
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