Neonode (NASDAQ:NEON) Upgraded by StockNews.com to “Sell” Rating

StockNews.com upgraded shares of Neonode (NASDAQ:NEON) to a sell rating in a research report report published on Friday morning.

Separately, LADENBURG THALM/SH SH began coverage on Neonode in a research report on Friday, October 18th. They issued a “buy” rating and a $16.50 target price for the company.

Neonode Price Performance

Shares of NASDAQ NEON opened at $6.70 on Friday. Neonode has a 1-year low of $1.10 and a 1-year high of $15.00. The business has a 50-day moving average of $8.34 and a 200-day moving average of $4.78. The company has a market capitalization of $112.43 million, a price-to-earnings ratio of -9.44 and a beta of 1.93.

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.