Shares of Microvision, Inc. (NASDAQ:MVIS) saw unusually-high trading volume on Thursday . Approximately 4,718,289 shares were traded during trading, an increase of 912% from the previous session’s volume of 466,145 shares.The stock last traded at $0.98 and had previously closed at $0.74.
MVIS has been the topic of several recent research reports. Zacks Investment Research upgraded Microvision from a “hold” rating to a “buy” rating and set a $0.75 price objective on the stock in a research report on Tuesday. ValuEngine cut Microvision from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. HC Wainwright restated a “buy” rating and issued a $3.50 price target on shares of Microvision in a research report on Friday, July 19th. Finally, Northland Securities set a $2.00 price target on Microvision and gave the stock a “buy” rating in a research report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Microvision has a consensus rating of “Buy” and a consensus target price of $2.08.
The company has a market cap of $80.78 million, a P/E ratio of -3.16 and a beta of 0.61. The stock has a 50-day moving average of $0.70 and a 200 day moving average of $0.74.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp increased its position in shares of Microvision by 230.8% in the second quarter. Bank of New York Mellon Corp now owns 132,663 shares of the electronics maker’s stock worth $107,000 after purchasing an additional 92,562 shares during the period. Taylor Frigon Capital Management LLC acquired a new stake in Microvision in the second quarter valued at about $935,000. Finally, BlackRock Inc. boosted its stake in Microvision by 2.7% in the second quarter. BlackRock Inc. now owns 1,611,229 shares of the electronics maker’s stock valued at $1,298,000 after buying an additional 41,641 shares in the last quarter. Institutional investors own 22.98% of the company’s stock.
Microvision Company Profile (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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