Microvision (NASDAQ:MVIS) Sees Strong Trading Volume

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.

Microvision (NASDAQ:MVIS) last issued its quarterly earnings results on Wednesday, November 6th. The electronics maker reported ($0.05) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.01. Microvision had a negative return on equity of 1,277.02% and a negative net margin of 574.86%. The company had revenue of $1.19 million for the quarter, compared to analysts’ expectations of $1.28 million. As a group, analysts forecast that Microvision, Inc. will post -0.27 EPS for the current fiscal year.

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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