Neonode (NASDAQ:NEON) Stock Crosses Above 200-Day Moving Average of $2.12

Shares of Neonode Inc. (NASDAQ:NEONGet Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.12 and traded as high as $5.14. Neonode shares last traded at $4.91, with a volume of 250,190 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Neonode in a research note on Friday, June 14th. They set a “sell” rating on the stock.

Get Our Latest Analysis on NEON

Neonode Trading Up 0.8 %

The stock’s 50-day moving average price is $2.67 and its 200-day moving average price is $2.15. The company has a market capitalization of $75.41 million, a P/E ratio of -6.92 and a beta of 1.82.

Neonode Company Profile

(Get Free Report)

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.

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