Microvision (NASDAQ:MVIS) Cut to Hold at D. Boral Capital

D. Boral Capital downgraded shares of Microvision (NASDAQ:MVIS) from a buy rating to a hold rating in a research note issued to investors on Thursday morning, MarketBeat reports.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Microvision in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Microvision currently has an average rating of “Hold” and a consensus price target of $2.50.

Microvision Trading Up 3.5%

Shares of Microvision stock opened at $0.57 on Thursday. The firm has a market cap of $175.43 million, a PE ratio of -1.63 and a beta of 1.21. The stock has a 50 day moving average of $0.82 and a 200 day moving average of $1.00. 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 data on Wednesday, March 4th. The electronics maker reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.07). The firm had revenue of $0.22 million during the quarter, compared to the consensus estimate of $3.00 million. Microvision had a negative return on equity of 137.37% and a negative net margin of 7,862.67%.

Hedge Funds Weigh In On Microvision

A number of large investors have recently made changes to their positions in the company. Numerai GP LLC purchased a new stake in Microvision in the 4th quarter worth about $56,000. Odyssean LLC bought a new position in shares of Microvision during the fourth quarter valued at approximately $92,000. Squarepoint Ops LLC purchased a new stake in shares of Microvision in the fourth quarter worth approximately $179,000. Arax Advisory Partners raised its holdings in shares of Microvision by 79.4% in the fourth quarter. Arax Advisory Partners now owns 90,091 shares of the electronics maker’s stock worth $75,000 after buying an additional 39,881 shares during the period. Finally, Barclays PLC lifted its stake in shares of Microvision by 33.9% during the 4th quarter. Barclays PLC now owns 470,569 shares of the electronics maker’s stock worth $390,000 after acquiring an additional 119,032 shares during 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.