Microvision, Inc. (MVIS) Downgraded by ValuEngine

Microvision, Inc. (NASDAQ:MVIS) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Tuesday, July 11th.

A number of other brokerages have also recently weighed in on MVIS. Zacks Investment Research cut Microvision from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. Ladenburg Thalmann Financial Services restated a “buy” rating on shares of Microvision in a research note on Tuesday, April 25th.

Shares of Microvision (NASDAQ MVIS) traded up 0.89% during trading on Tuesday, reaching $2.27. The company’s stock had a trading volume of 412,168 shares. Microvision has a one year low of $0.89 and a one year high of $2.94. The stock’s market cap is $154.64 million. The company has a 50-day moving average price of $2.13 and a 200-day moving average price of $1.96.

Microvision (NASDAQ:MVIS) last posted its quarterly earnings results on Thursday, April 27th. The electronics maker reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.01. Microvision had a negative return on equity of 880.81% and a negative net margin of 156.62%. The business had revenue of $0.79 million for the quarter, compared to the consensus estimate of $1.09 million. During the same quarter in the prior year, the company earned ($0.07) EPS. The business’s revenue was down 78.6% compared to the same quarter last year. On average, equities research analysts forecast that Microvision will post ($0.35) earnings per share for the current fiscal year.

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A number of large investors have recently added to or reduced their stakes in MVIS. Bank of New York Mellon Corp boosted its stake in Microvision by 13.7% in the first quarter. Bank of New York Mellon Corp now owns 43,935 shares of the electronics maker’s stock worth $109,000 after buying an additional 5,283 shares during the period. Segantii Capital Management Ltd acquired a new stake in Microvision during the first quarter worth approximately $116,000. Geode Capital Management LLC raised its position in shares of Microvision by 92.5% in the first quarter. Geode Capital Management LLC now owns 465,339 shares of the electronics maker’s stock worth $1,158,000 after buying an additional 223,582 shares in the last quarter. Finally, EAM Investors LLC purchased a new position in shares of Microvision during the first quarter worth $1,301,000. Institutional investors own 30.85% of the company’s stock.

About Microvision

Microvision, Inc is a developer of laser beam scanning (LBS) technology. The Company markets its technology under the brand name, PicoP. It has developed PicoP scanning technology that can be adopted by its customers to create high-resolution miniature projection, and three-dimensional sensing and image capture solutions that use laser diodes as the light source.

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

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