Microvision (NASDAQ:MVIS) Upgraded by ValuEngine to “Hold”

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ValuEngine upgraded shares of Microvision (NASDAQ:MVIS) from a sell rating to a hold rating in a research note published on Tuesday morning, ValuEngine reports.

Separately, Zacks Investment Research upgraded shares of Microvision from a hold rating to a buy rating and set a $0.75 price objective for the company in a report on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Microvision currently has a consensus rating of Buy and an average target price of $2.08.

Shares of MVIS traded down $0.02 on Tuesday, reaching $0.74. The company’s stock had a trading volume of 200 shares, compared to its average volume of 883,126. Microvision has a twelve month low of $0.51 and a twelve month high of $1.44. The stock has a market capitalization of $94.39 million, a PE ratio of -2.26 and a beta of 0.63. The firm has a fifty day moving average of $0.76 and a 200-day moving average of $0.72.

Microvision (NASDAQ:MVIS) last issued its quarterly earnings results on Wednesday, November 6th. The electronics maker reported ($0.05) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.01. Microvision had a negative return on equity of 1,275.89% and a negative net margin of 574.86%. The company had revenue of $1.19 million during the quarter, compared to the consensus estimate of $1.28 million. Equities research analysts forecast that Microvision will post -0.26 EPS for the current fiscal year.

In related news, Director Brian V. Turner acquired 35,000 shares of the stock in a transaction on Thursday, November 14th. The stock was acquired at an average cost of $0.88 per share, for a total transaction of $30,800.00. Following the completion of the acquisition, the director now directly owns 198,877 shares of the company’s stock, valued at approximately $175,011.76. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders purchased 83,000 shares of company stock valued at $68,450. 1.50% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of MVIS. Bank of New York Mellon Corp lifted its holdings 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 buying an additional 92,562 shares during the period. BlackRock Inc. raised its position in shares of Microvision by 2.7% during the 2nd quarter. BlackRock Inc. now owns 1,611,229 shares of the electronics maker’s stock worth $1,298,000 after purchasing an additional 41,641 shares during the last quarter. Finally, Taylor Frigon Capital Management LLC lifted its stake in Microvision by 117.6% in the 3rd quarter. Taylor Frigon Capital Management LLC now owns 2,529,136 shares of the electronics maker’s stock valued at $1,500,000 after buying an additional 1,367,064 shares in the last quarter. 20.67% of the stock is currently owned by institutional investors and hedge funds.

Microvision Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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