Microvision (NASDAQ:MVIS) Stock Rating Lowered by ValuEngine

ValuEngine downgraded shares of Microvision (NASDAQ:MVIS) from a buy rating to a hold rating in a report released on Thursday, ValuEngine reports.

Other equities analysts also recently issued reports about the company. Zacks Investment Research upgraded Microvision from a hold rating to a strong-buy rating and set a $1.00 price objective for the company in a research report on Thursday, May 28th. HC Wainwright downgraded Microvision to a hold rating in a research report on Tuesday, May 19th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $2.17.

Shares of MVIS opened at $1.47 on Thursday. Microvision has a 1 year low of $0.15 and a 1 year high of $1.90. The company has a market capitalization of $209.55 million, a price-to-earnings ratio of -7.35 and a beta of 3.18. The business has a 50-day moving average of $1.13 and a 200-day moving average of $0.66.

Microvision (NASDAQ:MVIS) last issued its quarterly earnings data on Thursday, May 7th. The electronics maker reported ($0.04) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.04). The company had revenue of $1.47 million for the quarter. On average, research analysts predict that Microvision will post -0.09 EPS for the current fiscal year.

An institutional investor recently raised its position in Microvision stock. Taylor Frigon Capital Management LLC boosted its holdings in Microvision, Inc. (NASDAQ:MVIS) by 22.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,018,050 shares of the electronics maker’s stock after purchasing an additional 560,783 shares during the quarter. Taylor Frigon Capital Management LLC owned about 2.32% of Microvision worth $521,000 at the end of the most recent quarter. 16.69% of the stock is currently owned by institutional investors.

Microvision Company Profile

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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