Zacks Investment Research upgraded shares of Neonode (NASDAQ:NEON) from a strong sell rating to a hold rating in a research note published on Wednesday morning.
According to Zacks, “Neonode is a company that designs, develops and sells patented technologies and products focused on unique user experiences. With offices in Stockholm, Sweden and San Ramon, California, Neonode Inc. is a company with licenses and products sold worldwide through both direct web sales and local distribution partners. “
Separately, ValuEngine upgraded shares of Neonode from a sell rating to a hold rating in a report on Thursday, September 28th.
Neonode (NASDAQ:NEON) last announced its earnings results on Thursday, November 9th. The electronics maker reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.01). The firm had revenue of $2.31 million during the quarter, compared to analysts’ expectations of $2.56 million. Neonode had a negative net margin of 34.32% and a negative return on equity of 69.28%. equities research analysts predict that Neonode will post -0.08 earnings per share for the current year.
In other news, Director Ulf Rosberg bought 100,000 shares of the stock in a transaction dated Wednesday, December 6th. The stock was bought at an average price of $0.90 per share, for a total transaction of $90,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 14.90% of the company’s stock.
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Neonode Company Profile
Neonode Inc, formerly SBE, Inc, develops and licenses user interfaces and optical infrared touch solutions. The Company’s technology offers multiple features, including the ability to sense an object’s size, depth, velocity, pressure and proximity to any type of surface. It operates through the touch technology licensing business segment.
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