Neonode (NASDAQ:NEON) Upgraded at StockNews.com

Neonode (NASDAQ:NEON) was upgraded by StockNews.com to a “sell” rating in a research note issued on Friday.

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

Neonode Trading Up 7.3 %

Shares of NEON stock opened at $7.32 on Friday. Neonode has a 12-month low of $1.10 and a 12-month high of $15.00. The stock’s 50-day moving average price is $8.37 and its 200-day moving average price is $4.68. The stock has a market capitalization of $113.24 million, a price-to-earnings ratio of -10.17 and a beta of 1.93.

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

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.