LADENBURG THALM/SH SH initiated coverage on shares of Neonode (NASDAQ:NEON – Free Report) in a report published on Friday, MarketBeat reports. The brokerage issued a buy rating and a $16.50 price target on the electronics maker’s stock.
Neonode Trading Down 6.0 %
NASDAQ NEON opened at $8.63 on Friday. The company’s 50 day simple moving average is $7.40 and its 200 day simple moving average is $4.11. Neonode has a 12 month low of $1.02 and a 12 month high of $15.00.
Neonode (NASDAQ:NEON – Get Free Report) last announced its earnings results on Thursday, August 8th. The electronics maker reported ($0.11) earnings per share (EPS) for the quarter. Neonode had a negative net margin of 247.41% and a negative return on equity of 64.05%. The firm had revenue of $1.42 million for the quarter.
About Neonode
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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