D. Boral Capital Downgrades Microvision (NASDAQ:MVIS) to Hold

Microvision (NASDAQ:MVIS) was downgraded by analysts at D. Boral Capital from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday, Marketbeat Ratings reports.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Microvision in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $2.50.

Microvision Trading Up 3.5%

NASDAQ MVIS opened at $0.57 on Thursday. The stock has a market capitalization of $175.43 million, a price-to-earnings ratio of -1.63 and a beta of 1.21. The stock has a 50-day moving average of $0.82 and a 200 day moving average of $1.00. Microvision has a twelve month low of $0.51 and a twelve month high of $1.73.

Microvision (NASDAQ:MVIS) last issued its quarterly earnings data on Wednesday, March 4th. The electronics maker reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.07). The business had revenue of $0.22 million during the quarter, compared to analyst estimates of $3.00 million. Microvision had a negative net margin of 7,862.67% and a negative return on equity of 137.37%.

Hedge Funds Weigh In On Microvision

A number of hedge funds have recently made changes to their positions in MVIS. NewEdge Advisors LLC acquired a new stake in shares of Microvision in the first quarter worth approximately $56,000. Focus Partners Wealth purchased a new position in Microvision in the 1st quarter valued at $32,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Microvision by 312.1% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,760,933 shares of the electronics maker’s stock worth $4,287,000 after purchasing an additional 2,848,292 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Microvision by 7.7% during the second quarter. Geode Capital Management LLC now owns 5,994,533 shares of the electronics maker’s stock worth $6,835,000 after buying an additional 431,046 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey raised its position in shares of Microvision by 63.0% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 64,879 shares of the electronics maker’s stock valued at $74,000 after buying an additional 25,064 shares during the last quarter. Institutional investors and hedge funds own 30.90% of the company’s stock.

Microvision Company Profile

MicroVision, Inc (NASDAQ: MVIS) is a technology company specializing in laser scanning and sensing solutions. Founded in 1993 and headquartered in Redmond, Washington, MicroVision develops its proprietary PicoP® scanning technology, which integrates miniature lasers and microelectromechanical systems (MEMS) mirrors to create high-resolution projection displays and three-dimensional sensing systems. Over the years, the company has built a portfolio of patents and intellectual property focused on precision optics and laser-based signal processing.

At the core of MicroVision’s offerings is its display platform, which enables compact, energy-efficient projection for augmented reality (AR) headsets, head-up displays (HUDs) in automotive environments, and consumer electronics applications such as pico projectors.