Microvision (NASDAQ:MVIS) Cut to Strong Sell at Wall Street Zen

Wall Street Zen lowered shares of Microvision (NASDAQ:MVIS) from a hold rating to a strong sell rating in a research note released on Saturday morning.

MVIS has been the subject of several other research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Microvision in a research report on Monday, December 29th. D. Boral Capital lowered shares of Microvision from a “buy” rating to a “hold” rating in a research report on Thursday, March 5th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Microvision presently has an average rating of “Hold” and a consensus target price of $2.50.

Microvision Stock Down 5.0%

MVIS opened at $0.54 on Friday. The stock has a market capitalization of $166.63 million, a price-to-earnings ratio of -1.55 and a beta of 1.21. The firm has a 50 day moving average price of $0.82 and a 200-day moving average price of $1.00. Microvision has a twelve month low of $0.51 and a twelve month high of $1.73.

Microvision (NASDAQ:MVIS) last issued its earnings results on Wednesday, March 4th. The electronics maker reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.07). The company had revenue of $0.22 million during the quarter, compared to analysts’ expectations of $3.00 million. Microvision had a negative return on equity of 137.37% and a negative net margin of 7,862.67%.

Institutional Trading of Microvision

A number of hedge funds and other institutional investors have recently bought and sold shares of MVIS. XTX Topco Ltd lifted its holdings in Microvision by 561.1% in the 2nd quarter. XTX Topco Ltd now owns 921,978 shares of the electronics maker’s stock worth $1,051,000 after purchasing an additional 782,524 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Microvision by 312.1% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,760,933 shares of the electronics maker’s stock valued at $4,287,000 after buying an additional 2,848,292 shares in the last quarter. Police & Firemen s Retirement System of New Jersey grew its holdings in Microvision by 63.0% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 64,879 shares of the electronics maker’s stock valued at $74,000 after buying an additional 25,064 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Microvision during the third quarter valued at approximately $26,000. Finally, MCF Advisors LLC raised its position in shares of Microvision by 9.6% during the fourth quarter. MCF Advisors LLC now owns 2,090,419 shares of the electronics maker’s stock valued at $1,731,000 after buying an additional 182,512 shares during the last quarter. Hedge funds and other institutional investors own 30.90% of the company’s stock.

About Microvision

MicroVision, Inc (NASDAQ: MVIS) is a technology company specializing in laser scanning and sensing solutions. Founded in 1993 and headquartered in Redmond, Washington, MicroVision develops its proprietary PicoP® scanning technology, which integrates miniature lasers and microelectromechanical systems (MEMS) mirrors to create high-resolution projection displays and three-dimensional sensing systems. Over the years, the company has built a portfolio of patents and intellectual property focused on precision optics and laser-based signal processing.

At the core of MicroVision’s offerings is its display platform, which enables compact, energy-efficient projection for augmented reality (AR) headsets, head-up displays (HUDs) in automotive environments, and consumer electronics applications such as pico projectors.