ValuEngine upgraded shares of Microvision, Inc. (NASDAQ:MVIS) from a sell rating to a hold rating in a research note issued to investors on Friday.

Several other equities analysts have also recently commented on the stock. Zacks Investment Research raised shares of Microvision from a hold rating to a buy rating and set a $2.75 target price on the stock in a research note on Wednesday, July 19th. Ladenburg Thalmann Financial Services reissued a buy rating on shares of Microvision in a research note on Tuesday, April 25th.

Microvision (NASDAQ:MVIS) opened at 2.27 on Friday. The firm’s 50-day moving average is $2.19 and its 200 day moving average is $2.02. The firm’s market capitalization is $154.64 million. Microvision has a 12 month low of $0.89 and a 12 month high of $2.94.

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Institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC boosted its position in shares of Microvision by 92.5% in the first quarter. Geode Capital Management LLC now owns 465,339 shares of the electronics maker’s stock valued at $1,158,000 after buying an additional 223,582 shares in the last quarter. Segantii Capital Management Ltd acquired a new position in shares of Microvision during the first quarter valued at about $116,000. EAM Investors LLC acquired a new position in shares of Microvision during the first quarter valued at about $1,301,000. Finally, 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 valued at $109,000 after buying an additional 5,283 shares in the last quarter. 30.85% of the stock is currently owned by institutional investors.

Microvision Company Profile

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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