ValuEngine Lowers Microvision, Inc. (MVIS) to Sell

ValuEngine cut shares of Microvision, Inc. (NASDAQ:MVIS) from a hold rating to a sell rating in a research report sent to investors on Thursday morning.

MVIS has been the topic of a number of other reports. S&P Equity Research lifted their target price on Microvision from $1.75 to $2.22 in a report on Thursday. HC Wainwright set a $4.00 target price on Microvision and gave the stock a buy rating in a report on Friday, August 4th. Zacks Investment Research upgraded Microvision from a hold rating to a buy rating and set a $2.75 target price on the stock in a report on Wednesday, July 19th. Finally, Northland Securities set a $3.00 target price on Microvision and gave the stock a buy rating in a report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $3.24.

Shares of Microvision (NASDAQ MVIS) remained flat at $$1.57 during midday trading on Thursday. The company’s stock had a trading volume of 903,177 shares, compared to its average volume of 656,811. Microvision has a one year low of $1.01 and a one year high of $3.25.

Microvision (NASDAQ:MVIS) last issued its earnings results on Thursday, November 2nd. The electronics maker reported ($0.07) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.07). The business had revenue of $6.09 million for the quarter, compared to analysts’ expectations of $5.24 million. Microvision had a negative return on equity of 335.81% and a negative net margin of 193.59%. The company’s quarterly revenue was up 52.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.08) EPS. research analysts forecast that Microvision will post -0.32 EPS for the current year.

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Several institutional investors have recently modified their holdings of MVIS. Voya Investment Management LLC acquired a new stake in shares of Microvision in the second quarter worth $101,000. Bank of New York Mellon Corp boosted its position in shares of 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. Rhumbline Advisers acquired a new stake in shares of Microvision in the second quarter worth $139,000. Schwab Charles Investment Management Inc. acquired a new stake in shares of Microvision in the second quarter worth $250,000. Finally, California State Teachers Retirement System acquired a new stake in shares of Microvision in the second quarter worth $256,000. 27.45% of the stock is owned by institutional investors and hedge funds.

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.

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