Microvision, Inc. (NASDAQ:MVIS)’s share price rose 6.7% on Thursday . The company traded as high as $1.27 and last traded at $1.27. Approximately 535,636 shares traded hands during trading, a decline of 41% from the average daily volume of 912,243 shares. The stock had previously closed at $1.19.

MVIS has been the subject of a number of research analyst reports. HC Wainwright set a $4.00 target price on Microvision and gave the company a “buy” rating in a report on Thursday, November 16th. S&P Equity Research raised their target price on Microvision from $1.75 to $2.22 in a research report on Thursday, November 2nd. Zacks Investment Research raised Microvision from a “hold” rating to a “buy” rating and set a $3.00 price target on the stock in a research report on Tuesday, October 10th. Finally, ValuEngine downgraded Microvision from a “hold” rating to a “sell” rating in a research note on Thursday, November 2nd. Two analysts have rated the stock with a sell rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $2.93.

The company has a market cap of $99.81, a P/E ratio of -3.85 and a beta of -0.04.

Microvision (NASDAQ:MVIS) last posted its quarterly earnings results on Thursday, November 2nd. The electronics maker reported ($0.07) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.07). Microvision had a negative return on equity of 335.81% and a negative net margin of 193.59%. The firm had revenue of $6.09 million during the quarter, compared to the consensus estimate of $5.24 million. During the same quarter in the previous year, the business earned ($0.08) earnings per share. The firm’s quarterly revenue was up 52.3% compared to the same quarter last year. sell-side analysts anticipate that Microvision, Inc. will post -0.3 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Voya Investment Management LLC purchased a new stake in shares of Microvision in the second quarter worth about $101,000. Rhumbline Advisers purchased a new position in Microvision in the second quarter valued at about $139,000. SG Americas Securities LLC purchased a new position in Microvision in the fourth quarter valued at about $187,000. Schwab Charles Investment Management Inc. purchased a new position in Microvision in the second quarter valued at about $250,000. Finally, California State Teachers Retirement System purchased a new position in Microvision in the second quarter valued at about $256,000. 30.66% of the stock is owned by institutional investors.

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About Microvision

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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