Neonode (NASDAQ:NEON) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Neonode Inc. (NASDAQ:NEON) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.31 and traded as high as $9.00. Neonode shares last traded at $8.85, with a volume of 76,849 shares traded.

Neonode Price Performance

The stock’s 50-day moving average price is $8.66 and its 200-day moving average price is $8.31. The company has a market cap of $148.53 million, a P/E ratio of -12.46 and a beta of 1.99.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. SBI Securities Co. Ltd. acquired a new stake in shares of Neonode in the fourth quarter valued at approximately $25,000. Jane Street Group LLC raised its holdings in Neonode by 81.5% in the 4th quarter. Jane Street Group LLC now owns 19,962 shares of the electronics maker’s stock valued at $164,000 after acquiring an additional 8,962 shares in the last quarter. Geode Capital Management LLC raised its holdings in Neonode by 8.5% in the 4th quarter. Geode Capital Management LLC now owns 136,678 shares of the electronics maker’s stock valued at $1,125,000 after acquiring an additional 10,732 shares in the last quarter. Squarepoint Ops LLC bought a new stake in shares of Neonode during the 4th quarter valued at $107,000. Finally, State Street Corp grew its holdings in shares of Neonode by 50.5% during the 3rd quarter. State Street Corp now owns 45,911 shares of the electronics maker’s stock worth $418,000 after purchasing an additional 15,400 shares in the last quarter. Institutional investors and hedge funds own 11.63% of the company’s stock.

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.