Microvision (NASDAQ:MVIS) Issues Earnings Results

Microvision (NASDAQ:MVIS) posted its earnings results on Thursday. The electronics maker reported ($0.08) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.08), RTT News reports. The firm had revenue of $1.24 million during the quarter, compared to analysts’ expectations of $4.70 million. Microvision had a negative net margin of 163.21% and a negative return on equity of 445.01%. During the same period in the previous year, the company earned ($0.10) earnings per share.

Shares of NASDAQ:MVIS traded down $0.18 during trading on Friday, reaching $0.68. The stock had a trading volume of 913,867 shares, compared to its average volume of 225,036. Microvision has a 52 week low of $0.51 and a 52 week high of $1.44. The stock has a market capitalization of $83.92 million, a price-to-earnings ratio of -2.19 and a beta of 0.59. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.59 and a quick ratio of 0.53. The firm’s fifty day moving average is $0.80.

A number of analysts have issued reports on MVIS shares. Northland Securities reiterated a “hold” rating and issued a $27.00 target price on shares of CEVA in a research note on Thursday, April 18th. HC Wainwright reiterated a “buy” rating and issued a $3.50 target price on shares of Microvision in a research note on Friday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $2.17.

Several large investors have recently added to or reduced their stakes in the company. Spark Investment Management LLC raised its position in shares of Microvision by 32.0% in the first quarter. Spark Investment Management LLC now owns 103,901 shares of the electronics maker’s stock valued at $100,000 after purchasing an additional 25,206 shares during the period. Geode Capital Management LLC raised its position in shares of Microvision by 5.6% in the fourth quarter. Geode Capital Management LLC now owns 739,235 shares of the electronics maker’s stock valued at $446,000 after purchasing an additional 39,003 shares during the period. BlackRock Inc. raised its position in shares of Microvision by 2.9% in the fourth quarter. BlackRock Inc. now owns 1,562,274 shares of the electronics maker’s stock valued at $944,000 after purchasing an additional 44,634 shares during the period. BSW Wealth Partners bought a new position in shares of Microvision in the first quarter valued at approximately $97,000. Finally, Taylor Frigon Capital Management LLC bought a new position in shares of Microvision in the second quarter valued at approximately $935,000. 23.77% of the stock is currently owned by institutional investors.

About Microvision

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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Earnings History for Microvision (NASDAQ:MVIS)

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