Microvision, Inc. (MVIS) Trading Up 7.6%
Microvision, Inc. (NASDAQ:MVIS) shares were up 7.6% during mid-day trading on Tuesday . The stock traded as high as $1.59 and last traded at $1.56. Approximately 911,666 shares traded hands during trading, an increase of 9% from the average daily volume of 836,062 shares. The stock had previously closed at $1.45.
Several research analysts recently issued reports on MVIS shares. S&P Equity Research upped their target price on Microvision from $1.75 to $2.22 in a research report on Thursday, November 2nd. HC Wainwright set a $4.00 target price on Microvision and gave the company a “buy” rating in a research report on Thursday, November 16th. Northland Securities set a $3.00 target price on Microvision and gave the company a “buy” rating in a research report on Friday, August 4th. Zacks Investment Research raised Microvision from a “hold” rating to a “buy” rating and set a $3.00 target price on the stock in a research report on Tuesday, October 10th. Finally, ValuEngine raised Microvision from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $3.34.
Microvision (NASDAQ:MVIS) last announced its quarterly earnings data on Thursday, November 2nd. The electronics maker reported ($0.07) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.07). The business had revenue of $6.09 million for the quarter, compared to analyst estimates of $5.24 million. Microvision had a negative return on equity of 335.81% and a negative net margin of 193.59%. The company’s revenue was up 52.3% on a year-over-year basis. During the same period in the prior year, the company earned ($0.08) earnings per share. analysts forecast that Microvision, Inc. will post -0.3 EPS for the current year.
WARNING: This news story was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this news story on another publication, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this news story can be read at https://www.thecerbatgem.com/2017/11/23/microvision-inc-mvis-trading-up-7-6.html.
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.
Receive News & Stock Ratings for Microvision Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microvision Inc. and related stocks with our FREE daily email newsletter.