Neonode (NASDAQ:NEON) Stock Price Crosses Above 200-Day Moving Average of $2.05

Neonode Inc. (NASDAQ:NEON)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.05 and traded as high as $2.61. Neonode shares last traded at $2.54, with a volume of 17,280 shares.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Neonode in a report on Friday, June 14th. They issued a “sell” rating on the stock.

Neonode Stock Up 3.9 %

The business has a 50-day simple moving average of $2.49 and a 200-day simple moving average of $2.06. The company has a market cap of $40.55 million, a PE ratio of -3.72 and a beta of 1.82.

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.