Shares of Microvision, Inc. (NASDAQ:MVIS) were down 6.6% on Tuesday . The company traded as low as $0.55 and last traded at $0.57, approximately 807,256 shares were traded during trading. An increase of 83% from the average daily volume of 440,393 shares. The stock had previously closed at $0.61.

A number of research analysts have weighed in on MVIS shares. Zacks Investment Research lowered 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 Microvision and gave the company a “buy” rating in a report on Friday, July 19th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $3.50 target price on shares of Microvision in a report on Friday, July 19th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. Microvision presently has a consensus rating of “Hold” and a consensus target price of $2.17.

The firm has a market cap of $66.29 million, a PE ratio of -1.84 and a beta of 0.57. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.47 and a current ratio of 0.47. The firm’s 50-day moving average price is $0.73.

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

Several institutional investors and hedge funds have recently modified their holdings of MVIS. Taylor Frigon Capital Management LLC bought a new stake in shares of Microvision during the 2nd quarter valued at about $935,000. BSW Wealth Partners bought a new stake in shares of Microvision during the 1st quarter valued at about $97,000. Bank of New York Mellon Corp boosted its position in shares of Microvision by 230.8% during 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 acquiring an additional 92,562 shares during the last quarter. BlackRock Inc. boosted its position in shares of Microvision by 2.9% during the 4th quarter. BlackRock Inc. now owns 1,562,274 shares of the electronics maker’s stock valued at $944,000 after acquiring an additional 44,634 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Microvision by 5.6% during the 4th quarter. Geode Capital Management LLC now owns 739,235 shares of the electronics maker’s stock valued at $446,000 after acquiring an additional 39,003 shares during the last quarter. Hedge funds and other 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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