Microvision, Inc. (NASDAQ:MVIS)’s stock price was down 12.8% during mid-day trading on Friday . The company traded as low as $0.66 and last traded at $0.75, approximately 2,191,756 shares were traded during mid-day trading. An increase of 389% from the average daily volume of 448,161 shares. The stock had previously closed at $0.86.
A number of research analysts have issued reports on MVIS shares. HC Wainwright restated a “buy” rating and issued a $3.50 price objective on shares of Microvision in a research note on Friday. Northland Securities restated a “hold” rating and issued a $27.00 price objective on shares of CEVA in a research note on Thursday, April 18th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Microvision presently has an average rating of “Buy” and an average price target of $2.17.
The firm has a market cap of $77.22 million, a PE ratio of -2.41 and a beta of 0.59. The company has a current ratio of 0.59, a quick ratio of 0.53 and a debt-to-equity ratio of 0.01. The stock’s 50 day simple moving average is $0.80.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Spark Investment Management LLC lifted its position in shares of Microvision by 32.0% during the 1st quarter. Spark Investment Management LLC now owns 103,901 shares of the electronics maker’s stock valued at $100,000 after buying an additional 25,206 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Microvision by 5.6% during the 4th quarter. Geode Capital Management LLC now owns 739,235 shares of the electronics maker’s stock valued at $446,000 after buying an additional 39,003 shares during the last quarter. BlackRock Inc. lifted its holdings in Microvision by 2.9% during the 4th quarter. BlackRock Inc. now owns 1,562,274 shares of the electronics maker’s stock worth $944,000 after purchasing an additional 44,634 shares in the last quarter. BSW Wealth Partners purchased a new stake in Microvision during the 1st quarter worth about $97,000. Finally, Taylor Frigon Capital Management LLC purchased a new stake in Microvision during the 2nd quarter worth about $935,000. 23.77% of the stock is currently owned by hedge funds and other institutional investors.
About Microvision (NASDAQ:MVIS)
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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