MicroVision (NASDAQ:MVIS) Earns “Neutral” Rating from Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their neutral rating on shares of MicroVision (NASDAQ:MVIS) in a report issued on Monday, Benzinga reports. Cantor Fitzgerald currently has a $3.00 price objective on the electronics maker’s stock.

MicroVision Stock Up 4.7 %

MVIS stock opened at $1.11 on Monday. MicroVision has a 12-month low of $0.86 and a 12-month high of $4.71. The company has a 50 day moving average of $1.20 and a two-hundred day moving average of $1.83. The company has a market cap of $229.39 million, a price-to-earnings ratio of -2.36 and a beta of 3.04.

MicroVision (NASDAQ:MVIS) last announced its quarterly earnings results on Thursday, May 9th. The electronics maker reported ($0.13) EPS for the quarter. The firm had revenue of $0.96 million during the quarter. MicroVision had a negative net margin of 1,212.54% and a negative return on equity of 90.04%. During the same period last year, the firm posted ($0.11) earnings per share. On average, research analysts anticipate that MicroVision will post -0.49 EPS for the current year.

Institutional Trading of MicroVision

Institutional investors and hedge funds have recently made changes to their positions in the stock. Farmers Trust Co. lifted its holdings in MicroVision by 14.7% in the 1st quarter. Farmers Trust Co. now owns 155,800 shares of the electronics maker’s stock worth $287,000 after purchasing an additional 20,000 shares during the last quarter. SG Americas Securities LLC lifted its position in MicroVision by 202.2% during the 4th quarter. SG Americas Securities LLC now owns 112,893 shares of the electronics maker’s stock worth $300,000 after acquiring an additional 75,534 shares during the last quarter. Vanguard Group Inc. boosted its stake in MicroVision by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 13,243,413 shares of the electronics maker’s stock valued at $29,003,000 after purchasing an additional 159,561 shares during the period. BNP Paribas Financial Markets grew its holdings in MicroVision by 42.2% in the 4th quarter. BNP Paribas Financial Markets now owns 163,566 shares of the electronics maker’s stock valued at $435,000 after buying an additional 48,501 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new position in MicroVision in the 3rd quarter worth approximately $87,000. Institutional investors and hedge funds own 30.90% of the company’s stock.

About MicroVision

MicroVision, Inc develops and sells lidar sensors and software used in automotive safety and autonomous driving applications. It offers a suite of light detection and ranging (lidar) sensors and perception; and validation software for automotive OEMs, advanced driver-assistance systems, and autonomous vehicle applications, as well as non-automotive applications including industrial, robotics, and smart infrastructure.