Microvision, Inc. (NASDAQ:MVIS) reached a new 52-week low on Thursday . The company traded as low as $0.65 and last traded at $0.66, with a volume of 1205809 shares traded. The stock had previously closed at $0.79.

A number of research firms recently weighed in on MVIS. Zacks Investment Research cut Microvision from a “buy” rating to a “hold” rating in a report on Wednesday, October 31st. HC Wainwright set a $4.00 price target on Microvision and gave the stock a “buy” rating in a report on Friday, October 26th.

The firm has a market capitalization of $61.73 million, a price-to-earnings ratio of -1.73 and a beta of 0.05.

Large investors have recently made changes to their positions in the business. PVG Asset Management Corp acquired a new stake in Microvision during the 2nd quarter valued at $224,000. Paloma Partners Management Co acquired a new stake in Microvision during the 2nd quarter valued at $429,000. LMR Partners LLP acquired a new stake in Microvision during the 2nd quarter valued at $235,000. Rational Advisors LLC acquired a new stake in Microvision during the 2nd quarter valued at $224,000. Finally, State Treasurer State of Michigan grew its holdings in Microvision by 22.9% during the 2nd quarter. State Treasurer State of Michigan now owns 3,864,199 shares of the electronics maker’s stock valued at $4,328,000 after buying an additional 720,000 shares during the last quarter. Hedge funds and other institutional investors own 24.16% of the company’s stock.

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About Microvision (NASDAQ:MVIS)

MicroVision, Inc develops PicoP scanning technology that provides high-resolution miniature projection, and three-dimensional sensing and image capture solutions in the United States. Its PicoP scanning technology comprises micro-electrical mechanical systems, laser diodes, opto-mechanics, and electronics.

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