Microvision, Inc. (NASDAQ:MVIS) shot up 5% on Thursday . The company traded as high as $0.65 and last traded at $0.63, 295,465 shares were traded during trading. A decline of 33% from the average session volume of 439,302 shares. The stock had previously closed at $0.60.
A number of research firms have weighed in on MVIS. HC Wainwright reissued a “buy” rating and set a $3.50 price objective on shares of Microvision in a research note on Friday, July 19th. Northland Securities set a $2.00 price target on Microvision and gave the company a “buy” rating in a research note on Friday, July 19th. Finally, Zacks Investment Research lowered Microvision from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $2.17.
The firm’s 50 day simple moving average is $0.74. The firm has a market capitalization of $66.40 million, a price-to-earnings ratio of -1.94 and a beta of 0.57. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.01.
Several institutional investors have recently made changes to their positions in the company. Spark Investment Management LLC lifted its stake in shares of Microvision by 32.0% in the 1st quarter. Spark Investment Management LLC now owns 103,901 shares of the electronics maker’s stock valued at $100,000 after purchasing an additional 25,206 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Microvision by 5.6% in the 4th quarter. Geode Capital Management LLC now owns 739,235 shares of the electronics maker’s stock valued at $446,000 after purchasing an additional 39,003 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Microvision by 2.9% in the 4th quarter. BlackRock Inc. now owns 1,562,274 shares of the electronics maker’s stock valued at $944,000 after purchasing an additional 44,634 shares during the last quarter. BSW Wealth Partners acquired a new position in shares of Microvision in the 1st quarter valued at $97,000. Finally, Taylor Frigon Capital Management LLC acquired a new position in shares of Microvision in the 2nd quarter valued at $935,000. 23.39% of the stock is currently owned by institutional investors and hedge funds.
About Microvision (NASDAQ:MVIS)
MicroVision, Inc develops PicoP scanning technology to create high-resolution miniature projection, and three-dimensional sensing and image capture solutions in the United States and Asia. Its PicoP scanning technology includes micro-electrical mechanical systems, laser diodes, opto-mechanics, and electronics.
Featured Article: What is meant by holder of record?
Receive News & Ratings for Microvision Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microvision and related companies with MarketBeat.com's FREE daily email newsletter.