MicroVision (NASDAQ:MVIS) Hits New 1-Year Low at $3.87

MicroVision, Inc. (NASDAQ:MVIS) shares hit a new 52-week low during trading on Thursday . The stock traded as low as $3.87 and last traded at $3.88, with a volume of 163259 shares changing hands. The stock had previously closed at $4.15.

A number of brokerages have recently issued reports on MVIS. HC Wainwright reaffirmed a “neutral” rating on shares of MicroVision in a research note on Tuesday, November 2nd. Zacks Investment Research downgraded MicroVision from a “hold” rating to a “sell” rating in a report on Tuesday, January 4th.

The business has a fifty day moving average of $6.48 and a two-hundred day moving average of $10.58.

MicroVision (NASDAQ:MVIS) last posted its quarterly earnings data on Thursday, October 28th. The electronics maker reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The business had revenue of $0.72 million for the quarter, compared to analyst estimates of $0.90 million. MicroVision had a negative return on equity of 31.99% and a negative net margin of 1,460.44%. During the same quarter last year, the business earned ($0.02) EPS. Research analysts forecast that MicroVision, Inc. will post -0.27 earnings per share for the current year.

In other news, Director Simon Biddiscombe sold 30,000 shares of MicroVision stock in a transaction that occurred on Thursday, December 9th. The stock was sold at an average price of $6.89, for a total transaction of $206,700.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.20% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. O Shaughnessy Asset Management LLC purchased a new position in shares of MicroVision during the 3rd quarter valued at $27,000. Nisa Investment Advisors LLC acquired a new stake in shares of MicroVision in the 2nd quarter valued at $28,000. Itau Unibanco Holding S.A. acquired a new position in MicroVision during the 2nd quarter worth $32,000. Daiwa Securities Group Inc. acquired a new position in shares of MicroVision during the third quarter valued at about $36,000. Finally, Macquarie Group Ltd. bought a new stake in MicroVision in the second quarter valued at about $87,000. Hedge funds and other institutional investors own 24.55% of the company’s stock.

About MicroVision (NASDAQ:MVIS)

MicroVision, Inc engages in the development of laser beam scanning technology. It offers its product under the PicoP brand. PicoP scanning technology has addressing the following market segments Interactive and non-interactive projected displays, 3D Perceptive LiDAR sensing for consumer electronics, Augmented/Mixed Reality (AR/MR) and 3D Perceptive LiDAR sensing for automotive active collision avoidance.

Recommended Story: What Does a Sell-Side Analyst Rating Mean?

Receive News & Ratings for MicroVision Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MicroVision and related companies with MarketBeat.com's FREE daily email newsletter.