ValuEngine upgraded shares of Microvision (NASDAQ:MVIS) from a sell rating to a hold rating in a research report released on Tuesday morning, ValuEngine reports.

Separately, Zacks Investment Research raised shares of Microvision from a hold rating to a buy rating and set a $0.75 target price for the company in a research note on Tuesday, November 12th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $2.08.

MVIS stock remained flat at $$0.75 on Tuesday. The company had a trading volume of 187,300 shares, compared to its average volume of 478,049. The firm’s 50-day moving average price is $0.76 and its two-hundred day moving average price is $0.72. The company has a market capitalization of $91.35 million, a P/E ratio of -2.42 and a beta of 0.63. Microvision has a 12-month low of $0.51 and a 12-month high of $1.44.

Microvision (NASDAQ:MVIS) last released its quarterly earnings results on Wednesday, November 6th. The electronics maker reported ($0.05) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.01. Microvision had a negative return on equity of 1,275.89% and a negative net margin of 574.86%. The company had revenue of $1.19 million during the quarter, compared to analysts’ expectations of $1.28 million. As a group, research analysts anticipate that Microvision will post -0.26 EPS for the current fiscal year.

In other news, Director Brian V. Turner acquired 35,000 shares of Microvision stock in a transaction that occurred on Thursday, November 14th. The shares were acquired at an average price of $0.88 per share, with a total value of $30,800.00. Following the completion of the purchase, the director now owns 198,877 shares of the company’s stock, valued at approximately $175,011.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have purchased 83,000 shares of company stock worth $68,450 in the last three months. Insiders own 1.50% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in shares of Microvision by 2.7% during the second quarter. BlackRock Inc. now owns 1,611,229 shares of the electronics maker’s stock worth $1,298,000 after purchasing an additional 41,641 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Microvision by 230.8% during the second quarter. Bank of New York Mellon Corp now owns 132,663 shares of the electronics maker’s stock worth $107,000 after purchasing an additional 92,562 shares in the last quarter. Finally, Taylor Frigon Capital Management LLC boosted its position in shares of Microvision by 117.6% in the third quarter. Taylor Frigon Capital Management LLC now owns 2,529,136 shares of the electronics maker’s stock worth $1,500,000 after buying an additional 1,367,064 shares during the period. 20.67% of the stock is owned by hedge funds and other institutional investors.

About Microvision

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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