Microvision (NASDAQ:MVIS) Stock Price Crosses Above 200 Day Moving Average of $0.83

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Microvision, Inc. (NASDAQ:MVIS) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.83 and traded as high as $0.62. Microvision shares last traded at $0.59, with a volume of 5,643 shares trading hands.

Several research analysts have recently issued reports on MVIS shares. Zacks Investment Research lowered shares of Microvision from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th. HC Wainwright reaffirmed a “buy” rating and issued a $3.50 target price on shares of Microvision in a research note on Friday, July 19th. Finally, 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. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Microvision has an average rating of “Hold” and a consensus price target of $2.17.

The firm has a market capitalization of $73.30 million, a price-to-earnings ratio of -1.88 and a beta of 0.57. The business’s 50-day moving average is $0.63 and its two-hundred day moving average is $0.83. 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 announced its quarterly earnings results on Thursday, July 18th. The electronics maker reported ($0.08) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.08). The business had revenue of $1.24 million for the quarter, compared to the consensus estimate 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 period last year, the company posted ($0.10) EPS. Analysts forecast that Microvision, Inc. will post -0.29 EPS for the current year.

Large investors have recently made changes to their positions in the stock. BSW Wealth Partners acquired a new stake in shares of Microvision in the 1st quarter valued at approximately $97,000. Spark Investment Management LLC raised its position in shares of Microvision by 32.0% in 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 during the period. Bank of New York Mellon Corp raised its position in shares of Microvision by 230.8% in 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 during the period. Taylor Frigon Capital Management LLC acquired a new stake in shares of Microvision in the 2nd quarter valued at approximately $935,000. Finally, BlackRock Inc. raised its position in shares of Microvision by 2.7% in the 2nd quarter. BlackRock Inc. now owns 1,611,229 shares of the electronics maker’s stock valued at $1,298,000 after acquiring an additional 41,641 shares during the period. Institutional investors and hedge funds own 21.81% 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.

See Also: Earnings Per Share

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