Neonode (NASDAQ:NEON) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

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 cut Neonode from a “hold” rating to a “sell” rating in a report on Monday, October 16th.

Neonode (NEON) opened at $0.50 on Tuesday. Neonode has a fifty-two week low of $0.46 and a fifty-two week high of $1.80. The company has a quick ratio of 2.59, a current ratio of 3.12 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $30.47, a PE ratio of -7.14 and a beta of 0.93.

In other news, Director Ulf Rosberg acquired 100,000 shares of the business’s stock in a transaction dated Wednesday, December 6th. The stock was purchased at an average cost of $0.90 per share, for a total transaction of $90,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 14.90% of the stock is currently owned by corporate insiders.

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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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