Microvision (NASDAQ:MVIS) Stock Price Up 15.8%
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.
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.
Featured Story: Float
Receive News & Ratings for Microvision Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microvision and related companies with MarketBeat.com's FREE daily email newsletter.