Bard Associates Inc. maintained its position in Microvision, Inc. (NASDAQ:MVIS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 213,494 shares of the electronics maker’s stock at the close of the 2nd quarter. Bard Associates Inc. owned approximately 0.31% of Microvision worth $453,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. EAM Investors LLC acquired a new stake in shares of Microvision in the first quarter valued at about $1,301,000. Geode Capital Management LLC grew its stake 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 valued at $1,158,000 after buying an additional 223,582 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Microvision by 416.2% in the second quarter. Bank of New York Mellon Corp now owns 226,812 shares of the electronics maker’s stock valued at $480,000 after buying an additional 182,877 shares in the last quarter. Schwab Charles Investment Management Inc. acquired a new stake in shares of Microvision in the second quarter valued at about $250,000. Finally, Rhumbline Advisers acquired a new stake in Microvision during the 2nd quarter valued at approximately $139,000. Institutional investors and hedge funds own 27.12% of the company’s stock.
Shares of Microvision, Inc. (NASDAQ MVIS) opened at 2.95 on Tuesday. The firm’s 50-day moving average price is $2.29 and its 200-day moving average price is $2.17. The firm’s market cap is $211.21 million. Microvision, Inc. has a 52 week low of $0.89 and a 52 week high of $3.18.
Microvision (NASDAQ:MVIS) last posted its quarterly earnings data on Thursday, August 3rd. The electronics maker reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.02. The business had revenue of $1.50 million for the quarter, compared to analyst estimates of $0.74 million. Microvision had a negative return on equity of 677.56% and a negative net margin of 224.93%. The firm’s revenue for the quarter was down 64.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.07) earnings per share. Equities research analysts expect that Microvision, Inc. will post ($0.31) EPS for the current fiscal year.
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MVIS has been the subject of a number of recent analyst reports. Northland Securities set a $3.00 price objective on Microvision and gave the company a “buy” rating in a research note on Friday, August 4th. ValuEngine lowered Microvision from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Zacks Investment Research upgraded Microvision from a “hold” rating to a “buy” rating and set a $2.75 price objective for the company in a research note on Wednesday, July 19th. Finally, HC Wainwright set a $4.00 price objective on Microvision and gave the company a “buy” rating in a research note on Friday, August 4th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $3.56.
Microvision Company Profile
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.
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