Princeton Capital Management Inc. Increases Position in MicroVision Inc. (MVIS)
Princeton Capital Management Inc. raised its stake in shares of MicroVision Inc. (NASDAQ:MVIS) by 5.6% during the second quarter, Holdings Channel reports. The firm owned 88,277 shares of the company’s stock after buying an additional 4,700 shares during the period. Princeton Capital Management Inc. owned approximately 0.17% of MicroVision worth $148,000 at the end of the most recent reporting period.
Separately, Carl Domino Inc increased its position in MicroVision by 10.7% in the second quarter. Carl Domino Inc now owns 103,400 shares of the company’s stock valued at $174,000 after buying an additional 10,000 shares during the period. Hedge funds and other institutional investors own 15.53% of the company’s stock.
MicroVision Inc. (NASDAQ:MVIS) traded down 8.00% during trading on Tuesday, hitting $1.38. 196,345 shares of the company traded hands. The company’s market capitalization is $71.43 million. MicroVision Inc. has a 12-month low of $1.33 and a 12-month high of $3.54. The stock has a 50 day moving average price of $1.48 and a 200 day moving average price of $1.79.
MicroVision (NASDAQ:MVIS) last issued its quarterly earnings data on Thursday, July 28th. The company reported ($0.07) earnings per share for the quarter, meeting the consensus estimate of ($0.07). MicroVision had a negative return on equity of 966.97% and a negative net margin of 122.67%. The business had revenue of $4.20 million for the quarter, compared to analysts’ expectations of $2.95 million. During the same period last year, the business earned ($0.06) EPS. The business’s revenue was up 5.0% on a year-over-year basis. On average, equities analysts anticipate that MicroVision Inc. will post ($0.29) earnings per share for the current year.
Separately, Aegis assumed coverage on shares of MicroVision in a research note on Monday, August 8th. They issued a “buy” rating and a $2.90 price target on the stock. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $3.30.
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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