Microvision (MVIS) Trading Up -2.5%
Shares of Microvision, Inc. (NASDAQ:MVIS) were up 2.5% on Thursday . The stock traded as high as $1.24 and last traded at $1.17. Approximately 169,483 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 847,044 shares. The stock had previously closed at $1.20.
Several analysts recently weighed in on MVIS shares. S&P Equity Research boosted their price objective on Microvision from $1.75 to $2.22 in a report on Thursday, November 2nd. HC Wainwright reissued a “buy” rating and issued a $3.50 price objective on shares of Microvision in a report on Monday, January 22nd. Zacks Investment Research lowered Microvision from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Finally, ValuEngine lowered Microvision from a “hold” rating to a “sell” rating in a report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Microvision presently has a consensus rating of “Hold” and a consensus price target of $2.93.
The company has a market capitalization of $88.03, a P/E ratio of -3.59 and a beta of -0.29.
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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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