Microvision (NASDAQ:MVIS) Trading Down 5.1%

Microvision, Inc. (NASDAQ:MVIS) fell 5.1% during mid-day trading on Monday . The stock traded as low as $0.72 and last traded at $0.75, 755,185 shares were traded during mid-day trading. An increase of 58% from the average session volume of 478,937 shares. The stock had previously closed at $0.79.

Several research firms recently issued reports on MVIS. Zacks Investment Research raised Microvision from a “hold” rating to a “buy” rating and set a $0.75 target price on the stock in a research note on Tuesday, November 12th. ValuEngine cut Microvision from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $2.08.

The company has a market capitalization of $96.04 million, a P/E ratio of -2.42 and a beta of 0.63. The company has a 50 day moving average of $0.76 and a 200-day moving average of $0.72.

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

In related news, Director Brian V. Turner acquired 35,000 shares of the stock in a transaction on Thursday, November 14th. The stock was acquired at an average cost of $0.88 per share, for a total transaction of $30,800.00. Following the completion of the acquisition, the director now directly owns 198,877 shares of the company’s stock, valued at approximately $175,011.76. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders purchased 83,000 shares of company stock worth $68,450 over the last three months. 1.50% of the stock is owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp lifted its holdings in Microvision by 230.8% in the second quarter. Bank of New York Mellon Corp now owns 132,663 shares of the electronics maker’s stock worth $107,000 after buying an additional 92,562 shares during the period. BlackRock Inc. lifted its holdings in Microvision by 2.7% in the second quarter. BlackRock Inc. now owns 1,611,229 shares of the electronics maker’s stock worth $1,298,000 after buying an additional 41,641 shares during the period. Finally, Taylor Frigon Capital Management LLC lifted its holdings in 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. Institutional investors and hedge funds own 20.67% of the company’s stock.

Microvision Company Profile (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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