Microvision, Inc. (MVIS) Trading Up 5.2%
Shares of Microvision, Inc. (NASDAQ:MVIS) were up 5.2% during trading on Wednesday . The stock traded as high as $2.45 and last traded at $2.42. Approximately 1,457,419 shares changed hands during mid-day trading, an increase of 100% from the average daily volume of 730,159 shares. The stock had previously closed at $2.30.
Several analysts have recently commented on MVIS shares. ValuEngine cut Microvision from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Zacks Investment Research cut Microvision from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Northland Securities set a $3.00 price objective on Microvision and gave the stock a “buy” rating in a report on Friday, August 4th. Finally, HC Wainwright set a $4.00 price objective on Microvision and gave the stock a “buy” rating in a report on Friday, August 4th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Microvision has a consensus rating of “Buy” and an average price target of $3.56.
The stock has a 50-day moving average of $2.25 and a 200 day moving average of $2.15. The stock’s market capitalization is $173.26 million.
Microvision (NASDAQ:MVIS) last announced its quarterly earnings data on Thursday, August 3rd. The electronics maker reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.02. Microvision had a negative return on equity of 677.56% and a negative net margin of 224.93%. The company had revenue of $1.50 million during the quarter, compared to the consensus estimate of $0.74 million. During the same quarter in the prior year, the firm earned ($0.07) EPS. The company’s quarterly revenue was down 64.3% compared to the same quarter last year. Equities analysts predict that Microvision, Inc. will post ($0.31) EPS for the current year.
Large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its position in shares of Microvision by 13.7% during the 1st quarter. Bank of New York Mellon Corp now owns 43,935 shares of the electronics maker’s stock valued at $109,000 after acquiring an additional 5,283 shares during the last quarter. Segantii Capital Management Ltd acquired a new stake in shares of Microvision during the 1st quarter valued at $116,000. Voya Investment Management LLC acquired a new stake in shares of Microvision during the 2nd quarter valued at $101,000. Rhumbline Advisers acquired a new stake in shares of Microvision during the 2nd quarter valued at $139,000. Finally, Schwab Charles Investment Management Inc. acquired a new stake in shares of Microvision during the 2nd quarter valued at $250,000. Institutional investors own 27.12% of the company’s stock.
Microvision Company Profile
Microvision, Inc is a developer of laser beam scanning (LBS) technology. The Company markets its technology under the brand name, PicoP. It has developed PicoP scanning technology that can be adopted by its customers to create high-resolution miniature projection, and three-dimensional sensing and image capture solutions that use laser diodes as the light source.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.