Microvision (NASDAQ:MVIS) Downgraded by Wall Street Zen to “Strong Sell”

Wall Street Zen cut shares of Microvision (NASDAQ:MVIS) from a hold rating to a strong sell rating in a research report report published on Saturday.

MVIS has been the subject of a number of other reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Microvision in a research note on Monday, December 29th. D. Boral Capital lowered shares of Microvision from a “buy” rating to a “hold” rating in a research note on Thursday. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $2.50.

Microvision Stock Performance

Microvision stock opened at $0.57 on Friday. The stock has a market cap of $175.43 million, a PE ratio of -1.63 and a beta of 1.21. The stock has a 50-day moving average of $0.82 and a two-hundred day moving average of $1.00. Microvision has a one year low of $0.51 and a one year high of $1.73.

Microvision (NASDAQ:MVIS) last issued its quarterly earnings results on Wednesday, March 4th. The electronics maker reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.07). Microvision had a negative return on equity of 137.37% and a negative net margin of 7,862.67%.The business had revenue of $0.22 million for the quarter, compared to analysts’ expectations of $3.00 million.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of MVIS. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Microvision by 312.1% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,760,933 shares of the electronics maker’s stock worth $4,287,000 after purchasing an additional 2,848,292 shares during the last quarter. Vanguard Group Inc. boosted its position in Microvision by 12.4% in the third quarter. Vanguard Group Inc. now owns 20,830,421 shares of the electronics maker’s stock valued at $25,830,000 after buying an additional 2,305,693 shares during the last quarter. Geode Capital Management LLC increased its holdings in Microvision by 14.0% in the 4th quarter. Geode Capital Management LLC now owns 7,306,357 shares of the electronics maker’s stock worth $6,052,000 after buying an additional 896,423 shares during the period. XTX Topco Ltd increased its holdings in Microvision by 561.1% in the 2nd quarter. XTX Topco Ltd now owns 921,978 shares of the electronics maker’s stock worth $1,051,000 after buying an additional 782,524 shares during the period. Finally, Bank of America Corp DE raised its position in Microvision by 130.2% during the 3rd quarter. Bank of America Corp DE now owns 595,231 shares of the electronics maker’s stock worth $738,000 after buying an additional 336,648 shares during the last quarter. 30.90% of the stock is owned by institutional investors and hedge funds.

About Microvision

MicroVision, Inc (NASDAQ: MVIS) is a technology company specializing in laser scanning and sensing solutions. Founded in 1993 and headquartered in Redmond, Washington, MicroVision develops its proprietary PicoP® scanning technology, which integrates miniature lasers and microelectromechanical systems (MEMS) mirrors to create high-resolution projection displays and three-dimensional sensing systems. Over the years, the company has built a portfolio of patents and intellectual property focused on precision optics and laser-based signal processing.

At the core of MicroVision’s offerings is its display platform, which enables compact, energy-efficient projection for augmented reality (AR) headsets, head-up displays (HUDs) in automotive environments, and consumer electronics applications such as pico projectors.