MCF Advisors LLC Has $300,000 Stock Holdings in Microvision, Inc. $MVIS

MCF Advisors LLC decreased its position in shares of Microvision, Inc. (NASDAQ:MVIS) by 60.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 918,660 shares of the electronics maker’s stock after selling 1,412,000 shares during the period. MCF Advisors LLC owned approximately 3.86% of Microvision worth $300,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of MVIS. Bank of America Corp DE grew its stake in shares of Microvision by 206.1% in the first quarter. Bank of America Corp DE now owns 1,396,280 shares of the electronics maker’s stock valued at $895,000 after acquiring an additional 940,115 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Microvision by 3.0% in the 1st quarter. Bank of New York Mellon Corp now owns 697,357 shares of the electronics maker’s stock worth $447,000 after purchasing an additional 20,032 shares in the last quarter. Private Advisor Group LLC raised its stake in Microvision by 91.8% in the 1st quarter. Private Advisor Group LLC now owns 110,758 shares of the electronics maker’s stock worth $71,000 after purchasing an additional 53,000 shares in the last quarter. Engineers Gate Manager LP bought a new stake in Microvision in the 2nd quarter valued at about $63,000. Finally, Daiwa Securities Group Inc. boosted its holdings in Microvision by 66.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 54,699 shares of the electronics maker’s stock valued at $62,000 after purchasing an additional 21,813 shares during the period. Institutional investors and hedge funds own 30.90% of the company’s stock.

Microvision Stock Up 3.1%

MVIS stock opened at $1.64 on Friday. The company has a market cap of $39.02 million, a PE ratio of -0.30 and a beta of 1.18. The business has a 50-day simple moving average of $3.28 and a 200 day simple moving average of $6.77. Microvision, Inc. has a 52 week low of $1.52 and a 52 week high of $23.10.

Microvision (NASDAQ:MVIS) last posted its quarterly earnings data on Thursday, August 6th. The electronics maker reported ($1.66) earnings per share for the quarter, missing the consensus estimate of ($0.75) by ($0.91). Microvision had a negative return on equity of 221.31% and a negative net margin of 3,976.67%.The firm had revenue of $1.47 million for the quarter, compared to the consensus estimate of $1.00 million.

Analysts Set New Price Targets

MVIS has been the topic of a number of analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Microvision in a research report on Friday, August 28th. Wall Street Zen upgraded shares of Microvision to a “sell” rating in a research report on Saturday, August 8th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Microvision presently has an average rating of “Hold” and an average price target of $37.50.

Microvision Profile

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.