Microvision (MVIS) Shares Up 5.3%

Microvision, Inc. (NASDAQ:MVIS)’s share price shot up 5.3% during mid-day trading on Monday . The stock traded as high as $1.20 and last traded at $1.20. 584,482 shares traded hands during trading, a decline of 17% from the average session volume of 701,663 shares. The stock had previously closed at $1.14.

Several research firms have issued reports on MVIS. HC Wainwright restated a “buy” rating and set a $3.50 target price on shares of Microvision in a research note on Monday, January 22nd. Zacks Investment Research cut shares of Microvision from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $2.93.

Microvision (NASDAQ:MVIS) last issued its quarterly earnings data on Thursday, February 22nd. The electronics maker reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.03). Microvision had a negative return on equity of 416.19% and a negative net margin of 222.60%. The business had revenue of $2.56 million during the quarter, compared to the consensus estimate of $2.52 million. During the same quarter last year, the company earned ($0.09) EPS. Microvision’s revenue for the quarter was down 12.0% on a year-over-year basis. equities analysts expect that Microvision, Inc. will post -0.32 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of MVIS. Voya Investment Management LLC bought a new position in shares of Microvision in the 2nd quarter worth approximately $101,000. SG Americas Securities LLC purchased a new stake in Microvision in the 4th quarter worth approximately $187,000. Teachers Advisors LLC purchased a new stake in Microvision in the 2nd quarter worth approximately $256,000. California State Teachers Retirement System purchased a new stake in Microvision in the 2nd quarter worth approximately $256,000. Finally, Deutsche Bank AG increased its holdings in Microvision by 151.9% in the 4th quarter. Deutsche Bank AG now owns 173,821 shares of the electronics maker’s stock worth $282,000 after acquiring an additional 104,816 shares in the last quarter. Hedge funds and other institutional investors own 30.28% of the company’s stock.

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Microvision Company Profile

Microvision, Inc is a developer of laser beam scanning (LBS) technology. The Company markets its technology under the brand name, PicoP. It has developed PicoP scanning technology that can be adopted by its customers to create high-resolution miniature projection, and three-dimensional sensing and image capture solutions that use laser diodes as the light source.

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