Microvision (NASDAQ:MVIS) Upgraded to “Sell” at Wall Street Zen

Wall Street Zen upgraded shares of Microvision (NASDAQ:MVIS) to a sell rating in a research note released on Saturday.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Microvision in a report on Tuesday, June 2nd. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Microvision currently has an average rating of “Hold” and a consensus price target of $37.50.

Microvision Price Performance

Shares of MVIS opened at $3.38 on Friday. The firm has a market cap of $74.77 million, a P/E ratio of -0.62 and a beta of 1.27. Microvision has a 1 year low of $3.11 and a 1 year high of $23.10. The company has a 50 day simple moving average of $5.03 and a two-hundred day simple moving average of $8.49.

Microvision (NASDAQ:MVIS) last released its earnings results on Thursday, August 6th. The electronics maker reported ($1.66) EPS for the quarter, missing the consensus estimate of ($0.75) by ($0.91). Microvision had a negative return on equity of 184.40% and a negative net margin of 3,976.67%.The company had revenue of $1.47 million during the quarter, compared to analysts’ expectations of $1.00 million.

Institutional Trading of Microvision

Several hedge funds have recently modified their holdings of the company. Jefferies Financial Group Inc. bought a new stake in Microvision in the third quarter worth $49,000. Prudential Financial Inc. lifted its position in Microvision by 77.4% during the second quarter. Prudential Financial Inc. now owns 30,520 shares of the electronics maker’s stock valued at $35,000 after purchasing an additional 13,315 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new position in shares of Microvision in the 3rd quarter worth $33,000. Focus Partners Wealth purchased a new position in shares of Microvision in the 1st quarter worth $32,000. Finally, BNP Paribas Financial Markets increased its holdings in shares of Microvision by 114.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 25,744 shares of the electronics maker’s stock worth $29,000 after buying an additional 13,735 shares during the last quarter. 30.90% of the stock is owned by hedge funds and other institutional investors.

Microvision Company 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.