Equities researchers at Northland Capital dropped their target price on shares of Microvision (NASDAQ: MVIS) from $16.00 to $4.00 in a report issued on Thursday. The firm currently has an “outperform” rating on the stock.

Shares of Microvision opened at 1.64 on Thursday. Microvision has a one year low of $1.11 and a one year high of $3.65. The stock’s 50-day moving average is currently $1.75. The company’s market cap is $41.2 million.

Microvision, Inc. develops miniature display and imaging engines based upon its PicoP display engine platform.

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