Microvision (NASDAQ:MVIS) Downgraded by Wall Street Zen to “Strong Sell”

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

MVIS has been the topic of several other research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Microvision in a research note on Monday, December 29th. D. Boral Capital downgraded Microvision from a “buy” rating to a “hold” rating in a research note on Thursday. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Microvision presently has an average rating of “Hold” and a consensus target price of $2.50.

Microvision Stock Up 3.5%

Shares of NASDAQ MVIS opened at $0.57 on Friday. Microvision has a 52 week low of $0.51 and a 52 week high of $1.73. The firm has a 50-day moving average price of $0.82 and a 200 day moving average price of $1.00. The stock has a market capitalization of $175.43 million, a price-to-earnings ratio of -1.63 and a beta of 1.21.

Microvision (NASDAQ:MVIS) last issued its earnings results on Wednesday, March 4th. The electronics maker reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.07). Microvision had a negative return on equity of 137.37% and a negative net margin of 7,862.67%.The company had revenue of $0.22 million for the quarter, compared to analyst estimates of $3.00 million.

Institutional Investors Weigh In On Microvision

Institutional investors and hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. acquired a new stake in Microvision during the 3rd quarter valued at $26,000. BNP Paribas Financial Markets raised its holdings in shares of Microvision by 114.4% in the second 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 last quarter. Focus Partners Wealth acquired a new position in shares of Microvision in the first quarter worth $32,000. CIBC Bancorp USA Inc. purchased a new stake in shares of Microvision in the third quarter valued at $33,000. Finally, Prudential Financial Inc. lifted its position in shares of Microvision by 77.4% in the second quarter. Prudential Financial Inc. now owns 30,520 shares of the electronics maker’s stock valued at $35,000 after acquiring an additional 13,315 shares in the last quarter. 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.