Microvision (NASDAQ:MVIS) Shares Up 5%

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.

Microvision (NASDAQ:MVIS) last announced its quarterly earnings results on Thursday, July 18th. The electronics maker reported ($0.08) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.08). Microvision had a negative return on equity of 1,277.02% and a negative net margin of 174.09%. The business had revenue of $1.24 million for the quarter, compared to analyst estimates of $4.70 million. During the same quarter in the prior year, the company posted ($0.10) EPS. Research analysts predict that Microvision, Inc. will post -0.29 earnings per share for the current year.

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.

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