Shares of Microvision, Inc. (NASDAQ:MVIS) rose 15.8% during trading on Wednesday . The company traded as high as $0.67 and last traded at $0.66, approximately 990,576 shares were traded during mid-day trading. An increase of 123% from the average daily volume of 443,920 shares. The stock had previously closed at $0.57.

MVIS has been the subject of a number of recent analyst reports. HC Wainwright reiterated a “buy” rating and issued a $3.50 price target on shares of Microvision in a research note on Friday, July 19th. Northland Securities set a $2.00 price target on shares of Microvision and gave the company a “buy” rating in a research note on Friday, July 19th. Finally, Zacks Investment Research cut shares of Microvision from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $2.17.

The stock has a market cap of $72.75 million, a PE ratio of -2.13 and a beta of 0.57. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.01. The business’s 50 day simple moving average is $0.72.

Microvision (NASDAQ:MVIS) last announced its quarterly earnings results on Thursday, July 18th. The electronics maker reported ($0.08) EPS for the quarter, meeting analysts’ consensus estimates of ($0.08). The firm had revenue of $1.24 million during the quarter, compared to analysts’ expectations of $4.70 million. Microvision had a negative net margin of 174.09% and a negative return on equity of 1,277.02%. During the same quarter last year, the company posted ($0.10) earnings per share. On average, research analysts anticipate that Microvision, Inc. will post -0.29 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Microvision by 2.9% in the fourth quarter. BlackRock Inc. now owns 1,562,274 shares of the electronics maker’s stock valued at $944,000 after purchasing an additional 44,634 shares during the period. Geode Capital Management LLC raised its position in shares of Microvision by 5.6% in the fourth quarter. Geode Capital Management LLC now owns 739,235 shares of the electronics maker’s stock valued at $446,000 after purchasing an additional 39,003 shares during the period. BSW Wealth Partners bought a new position in shares of Microvision in the first quarter valued at about $97,000. Spark Investment Management LLC raised its position in shares of Microvision by 32.0% in the first quarter. Spark Investment Management LLC now owns 103,901 shares of the electronics maker’s stock valued at $100,000 after purchasing an additional 25,206 shares during the period. Finally, Taylor Frigon Capital Management LLC bought a new position in shares of Microvision in the second quarter valued at about $935,000. 23.35% of the stock is currently owned by institutional investors.

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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