Microvision (MVIS) Shares Up -2.5%

Microvision, Inc. (NASDAQ:MVIS)’s share price shot up 2.5% during mid-day trading on Thursday . The stock traded as high as $1.24 and last traded at $1.17. 169,483 shares were traded during trading, a decline of 80% from the average session volume of 847,044 shares. The stock had previously closed at $1.20.

Several brokerages have issued reports on MVIS. Zacks Investment Research lowered Microvision from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. ValuEngine lowered Microvision from a “hold” rating to a “sell” rating in a report on Thursday, November 2nd. HC Wainwright reaffirmed a “buy” rating and set a $3.50 price objective on shares of Microvision in a report on Monday, January 22nd. Finally, S&P Equity Research raised their price objective on Microvision from $1.75 to $2.22 in a report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $2.93.

The firm has a market cap of $90.39, a price-to-earnings ratio of -3.53 and a beta of -0.29.

A number of large investors have recently added to or reduced their stakes in MVIS. Schwab Charles Investment Management Inc. bought a new stake in Microvision in the 2nd quarter worth approximately $250,000. Rhumbline Advisers bought a new stake in Microvision in the 2nd quarter worth approximately $139,000. Bank of New York Mellon Corp lifted its position in Microvision by 416.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 226,812 shares of the electronics maker’s stock worth $480,000 after buying an additional 182,877 shares during the last quarter. Teachers Advisors LLC bought a new stake in Microvision in the 2nd quarter worth approximately $256,000. Finally, TIAA CREF Investment Management LLC bought a new stake in Microvision in the 2nd quarter worth approximately $386,000. Institutional investors own 30.85% of the company’s stock.

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About Microvision

Microvision, Inc is a developer of laser beam scanning (LBS) technology. The Company markets its technology under the brand name, PicoP. It has developed PicoP scanning technology that can be adopted by its customers to create high-resolution miniature projection, and three-dimensional sensing and image capture solutions that use laser diodes as the light source.

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