Microvision (NASDAQ:MVIS) Rating Lowered to “Strong Sell” at Wall Street Zen

Microvision (NASDAQ:MVIS) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “strong sell” rating in a research note issued on Saturday.

A number of other analysts also recently issued reports on MVIS. Weiss Ratings reissued a “sell (d-)” rating on shares of Microvision in a research report on Monday, December 29th. D. Boral Capital cut shares of Microvision from a “buy” rating to a “hold” rating in a research report on Thursday. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Microvision currently has a consensus rating of “Hold” and a consensus target price of $2.50.

Microvision Trading Up 3.5%

Shares of Microvision stock opened at $0.57 on Friday. The business’s fifty day moving average price is $0.82 and its 200 day moving average price is $1.00. Microvision has a twelve month low of $0.51 and a twelve month high of $1.73. The stock has a market capitalization of $175.43 million, a P/E ratio of -1.63 and a beta of 1.21.

Microvision (NASDAQ:MVIS) last announced its quarterly earnings results 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 firm had revenue of $0.22 million for the quarter, compared to analyst estimates of $3.00 million. Microvision had a negative return on equity of 137.37% and a negative net margin of 7,862.67%.

Institutional Investors Weigh In On Microvision

Several institutional investors and hedge funds have recently modified their holdings of MVIS. Russell Investments Group Ltd. purchased a new stake in shares of Microvision during the 3rd quarter valued at about $26,000. BNP Paribas Financial Markets boosted its holdings in Microvision by 114.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 25,744 shares of the electronics maker’s stock worth $29,000 after acquiring an additional 13,735 shares during the period. Focus Partners Wealth acquired a new stake in Microvision in the first quarter valued at approximately $32,000. CIBC Bancorp USA Inc. acquired a new stake in Microvision in the third quarter valued at approximately $33,000. Finally, Prudential Financial Inc. raised its stake in shares of Microvision by 77.4% during the second quarter. Prudential Financial Inc. now owns 30,520 shares of the electronics maker’s stock valued at $35,000 after purchasing an additional 13,315 shares during the period. Hedge funds and other institutional investors 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.