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.
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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