Shares of Microvision, Inc. (NASDAQ:MVIS) rose 15.8% during trading on Wednesday . The stock traded as high as $0.67 and last traded at $0.66, approximately 990,576 shares changed hands during mid-day trading. An increase of 123% from the average daily volume of 443,920 shares. The stock had previously closed at $0.57.

MVIS has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of Microvision from a “hold” rating to a “sell” rating in a report on Wednesday, July 24th. Northland Securities set a $2.00 target price on shares of Microvision and gave the company a “buy” rating in a report on Friday, July 19th. Finally, HC Wainwright reissued a “buy” rating and issued a $3.50 target price on shares of Microvision in a report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. Microvision has an average rating of “Hold” and an average price target of $2.17.

The company’s 50 day moving average is $0.72. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.47 and a quick ratio of 0.47. The company has a market cap of $72.75 million, a P/E ratio of -2.13 and a beta of 0.57.

Microvision (NASDAQ:MVIS) last posted its quarterly earnings results on Thursday, July 18th. The electronics maker reported ($0.08) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.08). Microvision had a negative net margin of 174.09% and a negative return on equity of 1,277.02%. The company had revenue of $1.24 million for the quarter, compared to the consensus estimate of $4.70 million. During the same period last year, the company posted ($0.10) EPS. As a group, equities analysts expect that Microvision, Inc. will post -0.29 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Spark Investment Management LLC boosted its stake in shares of Microvision by 32.0% in the 1st quarter. Spark Investment Management LLC now owns 103,901 shares of the electronics maker’s stock valued at $100,000 after purchasing an additional 25,206 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Microvision by 5.6% in the 4th quarter. Geode Capital Management LLC now owns 739,235 shares of the electronics maker’s stock valued at $446,000 after purchasing an additional 39,003 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Microvision by 2.7% in the 2nd quarter. BlackRock Inc. now owns 1,611,229 shares of the electronics maker’s stock valued at $1,298,000 after purchasing an additional 41,641 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Microvision by 230.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 132,663 shares of the electronics maker’s stock valued at $107,000 after purchasing an additional 92,562 shares in the last quarter. Finally, BSW Wealth Partners acquired a new stake in shares of Microvision in the 1st quarter valued at approximately $97,000. Institutional investors own 23.35% of the company’s stock.

About Microvision (NASDAQ:MVIS)

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

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