Microvision, Inc. (NASDAQ:MVIS)’s share price was up 1.6% during mid-day trading on Wednesday . The company traded as high as $1.30 and last traded at $1.28. Approximately 5,100 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 643,523 shares. The stock had previously closed at $1.26.
A number of equities analysts recently issued reports on MVIS shares. Zacks Investment Research raised shares of Microvision from a “hold” rating to a “buy” rating and set a $1.75 price target for the company in a research note on Wednesday, June 6th. HC Wainwright set a $4.00 price target on shares of Microvision and gave the stock a “buy” rating in a research note on Monday, September 10th.
The company has a market capitalization of $118.20 million, a PE ratio of -3.79 and a beta of -0.32.
Microvision (NASDAQ:MVIS) last announced its earnings results on Tuesday, July 31st. The electronics maker reported ($0.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.01). Microvision had a negative net margin of 223.33% and a negative return on equity of 356.21%. The business had revenue of $2.01 million for the quarter, compared to the consensus estimate of $2.87 million. During the same period in the prior year, the business posted ($0.08) EPS. analysts predict that Microvision, Inc. will post -0.26 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in MVIS. Millennium Management LLC bought a new position in shares of Microvision during the second quarter valued at approximately $1,858,000. EastBay Asset Management LLC bought a new position in shares of Microvision during the second quarter valued at approximately $1,724,000. State Treasurer State of Michigan increased its stake in shares of Microvision by 22.9% during the second quarter. State Treasurer State of Michigan now owns 3,864,199 shares of the electronics maker’s stock valued at $4,328,000 after purchasing an additional 720,000 shares in the last quarter. Paloma Partners Management Co bought a new position in shares of Microvision during the second quarter valued at approximately $429,000. Finally, LMR Partners LLP bought a new position in shares of Microvision during the second quarter valued at approximately $235,000. 27.72% of the stock is owned by institutional investors and hedge funds.
About Microvision (NASDAQ:MVIS)
MicroVision, Inc develops PicoP scanning technology that provides high-resolution miniature projection, and three-dimensional sensing and image capture solutions in the United States. Its PicoP scanning technology comprises micro-electrical mechanical systems, laser diodes, opto-mechanics, and electronics.
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