Microvision (NASDAQ:MVIS) Rating Lowered to Strong Sell at Wall Street Zen

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

A number of other research analysts have also commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Microvision in a research note on Monday, December 29th. D. Boral Capital downgraded shares of Microvision from a “buy” rating to a “hold” rating in a research note on Thursday. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $2.50.

Microvision Trading Up 3.5%

Shares of MVIS opened at $0.57 on Friday. The company’s 50 day simple moving average is $0.82 and its 200-day simple moving average is $1.00. The firm has a market cap of $175.43 million, a PE ratio of -1.63 and a beta of 1.21. Microvision has a 12-month low of $0.51 and a 12-month high of $1.73.

Microvision (NASDAQ:MVIS) last released its quarterly earnings results on Wednesday, March 4th. The electronics maker reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.07). The business had revenue of $0.22 million during the quarter, compared to analysts’ expectations of $3.00 million. Microvision had a negative net margin of 7,862.67% and a negative return on equity of 137.37%.

Hedge Funds Weigh In On Microvision

Large investors have recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Microvision by 312.1% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,760,933 shares of the electronics maker’s stock valued at $4,287,000 after buying an additional 2,848,292 shares during the period. Vanguard Group Inc. grew its holdings in Microvision by 12.4% during the third quarter. Vanguard Group Inc. now owns 20,830,421 shares of the electronics maker’s stock worth $25,830,000 after acquiring an additional 2,305,693 shares during the period. Geode Capital Management LLC grew its holdings in Microvision by 14.0% during the fourth quarter. Geode Capital Management LLC now owns 7,306,357 shares of the electronics maker’s stock worth $6,052,000 after acquiring an additional 896,423 shares during the period. XTX Topco Ltd raised its position in Microvision by 561.1% in the second quarter. XTX Topco Ltd now owns 921,978 shares of the electronics maker’s stock worth $1,051,000 after acquiring an additional 782,524 shares in the last quarter. Finally, Bank of America Corp DE raised its position in Microvision by 130.2% in the third quarter. Bank of America Corp DE now owns 595,231 shares of the electronics maker’s stock worth $738,000 after acquiring an additional 336,648 shares in the last quarter. 30.90% of the stock is owned by hedge funds and other institutional investors.

About Microvision

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.