Microvision (NASDAQ:MVIS) Shares Gap Down to $0.58

Microvision, Inc. (NASDAQ:MVIS) gapped down prior to trading on Wednesday . The stock had previously closed at $0.86, but opened at $0.58. Microvision shares last traded at $0.27, with a volume of 8,452,720 shares trading hands.

A number of brokerages have commented on MVIS. HC Wainwright cut shares of Microvision from a “buy” rating to a “neutral” rating in a research note on Wednesday. Craig Hallum cut shares of Microvision from a “buy” rating to a “hold” rating in a research note on Wednesday. ValuEngine raised shares of Microvision from a “hold” rating to a “buy” rating in a research note on Tuesday, February 4th. LADENBURG THALM/SH SH cut shares of Microvision from a “buy” rating to a “neutral” rating in a research note on Wednesday. Finally, Zacks Investment Research cut shares of Microvision from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $2.08.

The firm has a market capitalization of $73.67 million, a PE ratio of -0.81 and a beta of 0.71. The business’s 50 day simple moving average is $0.67 and its 200 day simple moving average is $0.69.

An institutional investor recently raised its position in Microvision stock. Taylor Frigon Capital Management LLC grew its holdings in Microvision, Inc. (NASDAQ:MVIS) by 117.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,529,136 shares of the electronics maker’s stock after buying an additional 1,367,064 shares during the period. Taylor Frigon Capital Management LLC owned approximately 2.29% of Microvision worth $1,500,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 21.14% 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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