MicroVision, Inc. (NASDAQ:MVIS) has received an average rating of “Hold” from the seven research firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company.
A number of research analysts have recently issued reports on MVIS shares. BidaskClub upgraded shares of MicroVision from a “hold” rating to a “buy” rating in a research report on Thursday, October 8th. HC Wainwright downgraded shares of MicroVision to a “hold” rating in a research report on Thursday, August 6th. Finally, Zacks Investment Research downgraded shares of MicroVision from a “hold” rating to a “sell” rating in a research report on Thursday, November 5th.
NASDAQ:MVIS opened at $2.30 on Friday. The firm’s 50 day simple moving average is $2.15 and its 200 day simple moving average is $1.69. MicroVision has a one year low of $0.15 and a one year high of $3.45. The company has a market cap of $336.73 million, a PE ratio of -20.91 and a beta of 3.33.
MicroVision (NASDAQ:MVIS) last issued its quarterly earnings results on Thursday, October 29th. The electronics maker reported ($0.02) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.02). On average, equities analysts predict that MicroVision will post -0.1 earnings per share for the current fiscal year.
Hedge funds have recently made changes to their positions in the business. Creative Planning increased its stake in MicroVision by 141.5% during the 2nd quarter. Creative Planning now owns 256,000 shares of the electronics maker’s stock valued at $348,000 after purchasing an additional 150,000 shares in the last quarter. Commonwealth Equity Services LLC bought a new stake in MicroVision during the 2nd quarter valued at $45,000. Captrust Financial Advisors bought a new stake in MicroVision during the 2nd quarter valued at $38,000. Virtu Financial LLC purchased a new position in MicroVision during the 2nd quarter worth $48,000. Finally, Bridgeway Capital Management Inc. boosted its holdings in MicroVision by 663.9% during the 2nd quarter. Bridgeway Capital Management Inc. now owns 763,900 shares of the electronics maker’s stock worth $1,039,000 after acquiring an additional 663,900 shares during the last quarter. Institutional investors and hedge funds own 8.65% of the company’s stock.
MicroVision, Inc develops scanning technology to create high-resolution miniature projection, and three-dimensional sensing and image capture solutions under the PicoP brand in the United States. Its PicoP scanning technology is based on micro-electrical mechanical systems, laser diodes, opto-mechanics, and electronics.
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