Microvision, Inc. (NASDAQ:MVIS)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.90 and traded as high as $0.73. Microvision shares last traded at $0.70, with a volume of 15,224 shares changing hands.

A number of equities research analysts have issued reports on the stock. Northland Securities set a $2.00 target price on shares of Microvision and gave the company a “buy” rating in a research note on Friday, July 19th. HC Wainwright reissued a “buy” rating and set a $3.50 target price on shares of Microvision in a research note on Friday, July 19th. Finally, Zacks Investment Research lowered shares of Microvision from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $2.17.

The business’s 50 day simple moving average is $0.72 and its 200-day simple moving average is $0.90. The company has a market cap of $82.67 million, a price-to-earnings ratio of -2.26 and a beta of 0.57. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.47 and a current ratio of 0.47.

Microvision (NASDAQ:MVIS) last issued its earnings results on Thursday, July 18th. The electronics maker reported ($0.08) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.08). The company had revenue of $1.24 million during the quarter, compared to analyst estimates of $4.70 million. Microvision had a negative net margin of 174.09% and a negative return on equity of 1,277.02%. During the same quarter last year, the business posted ($0.10) EPS. Research analysts expect that Microvision, Inc. will post -0.29 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the company. BSW Wealth Partners acquired a new stake in shares of Microvision during the 1st quarter valued at about $97,000. Spark Investment Management LLC boosted 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 acquiring an additional 25,206 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Microvision by 230.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 132,663 shares of the electronics maker’s stock valued at $107,000 after acquiring an additional 92,562 shares in the last quarter. Geode Capital Management LLC boosted 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 acquiring an additional 39,003 shares in the last quarter. Finally, Taylor Frigon Capital Management LLC acquired a new stake in shares of Microvision during the 2nd quarter valued at about $935,000. Institutional investors and hedge funds own 22.64% of the company’s stock.

Microvision Company Profile (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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