Neonode (NEON) Stock Rating Reaffirmed by Cowen

Cowen reissued their buy rating on shares of Neonode (NASDAQ:NEON) in a report published on Friday. They currently have a $1.00 price objective on the electronics maker’s stock.

Separately, Zacks Investment Research downgraded Neonode from a hold rating to a sell rating in a research note on Wednesday, November 15th.

Shares of Neonode (NASDAQ NEON) opened at $0.50 on Friday. The stock has a market capitalization of $30.16, a price-to-earnings ratio of -5.56 and a beta of 1.04. Neonode has a one year low of $0.46 and a one year high of $1.80. The company has a quick ratio of 2.41, a current ratio of 2.73 and a debt-to-equity ratio of 0.21.

Neonode (NASDAQ:NEON) last released its quarterly earnings results on Thursday, March 8th. The electronics maker reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.02). The firm had revenue of $3.28 million during the quarter, compared to the consensus estimate of $2.45 million. Neonode had a negative net margin of 45.94% and a negative return on equity of 80.84%. equities analysts predict that Neonode will post -0.01 earnings per share for the current fiscal year.

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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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