Microvision (MVIS) Downgraded by Zacks Investment Research

Microvision (NASDAQ:MVIS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

According to Zacks, “Microvision, Inc. develops information display and related technologies that allow electronically generated images and information to be projected onto a viewer’s eye. They defined three distinct business platforms relating to the delivery of images and information in this manner: Retinal Scanning Displays, Imaging Solutions, Optical Material technology. “

Separately, HC Wainwright set a $4.00 price objective on Microvision and gave the company a “buy” rating in a report on Thursday, May 10th.

NASDAQ:MVIS opened at $1.17 on Thursday. The company has a market cap of $114.41 million, a P/E ratio of -3.55 and a beta of -0.25. Microvision has a 1-year low of $1.00 and a 1-year high of $3.25.

Microvision (NASDAQ:MVIS) last released its quarterly earnings results on Wednesday, May 9th. The electronics maker reported ($0.09) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.09). The business had revenue of $2.19 million during the quarter, compared to analysts’ expectations of $2.73 million. Microvision had a negative return on equity of 421.25% and a negative net margin of 209.39%. During the same period last year, the firm posted ($0.08) EPS. analysts predict that Microvision will post -0.31 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new position in Microvision in the 4th quarter valued at $187,000. Deutsche Bank AG raised 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 valued at $282,000 after acquiring an additional 104,816 shares in the last quarter. BlackRock Inc. raised its holdings in Microvision by 1.6% in the 4th quarter. BlackRock Inc. now owns 4,706,522 shares of the electronics maker’s stock valued at $7,672,000 after acquiring an additional 74,500 shares in the last quarter. Finally, AWM Investment Company Inc. raised its holdings in Microvision by 0.7% in the 4th quarter. AWM Investment Company Inc. now owns 7,367,231 shares of the electronics maker’s stock valued at $12,009,000 after acquiring an additional 50,000 shares in the last quarter. 29.59% of the stock is owned by hedge funds and other institutional investors.

Microvision Company Profile

MicroVision, Inc develops PicoP scanning technology that provides high-resolution miniature projection, and three-dimensional sensing and image capture solutions in the United States. Its PicoP scanning technology comprises micro-electrical mechanical systems, laser diodes, opto-mechanics, and electronics.

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