MicroVision, Inc. (NASDAQ:MVIS)’s share price traded up 17% on Wednesday . The company traded as high as $6.98 and last traded at $6.55. 29,252,549 shares were traded during mid-day trading, an increase of 78% from the average session volume of 16,442,781 shares. The stock had previously closed at $5.60.
A number of analysts have weighed in on the company. BidaskClub upgraded MicroVision from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 16th. Zacks Investment Research upgraded MicroVision from a “sell” rating to a “hold” rating in a research note on Thursday, December 31st. Six equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. MicroVision presently has an average rating of “Hold” and a consensus price target of $2.25.
The stock has a 50-day moving average price of $4.50 and a 200 day moving average price of $2.53. The firm has a market cap of $958.23 million, a price-to-earnings ratio of -59.50 and a beta of 3.29.
Several institutional investors and hedge funds have recently bought and sold shares of MVIS. Bridgeway Capital Management Inc. grew its holdings in shares of MicroVision by 663.9% during the second quarter. Bridgeway Capital Management Inc. now owns 763,900 shares of the electronics maker’s stock worth $1,039,000 after buying an additional 663,900 shares during the last quarter. California Public Employees Retirement System grew its holdings in shares of MicroVision by 972.8% during the third quarter. California Public Employees Retirement System now owns 296,100 shares of the electronics maker’s stock worth $577,000 after buying an additional 268,500 shares during the last quarter. Aristides Capital LLC grew its holdings in shares of MicroVision by 44.4% during the third quarter. Aristides Capital LLC now owns 250,182 shares of the electronics maker’s stock worth $488,000 after buying an additional 76,900 shares during the last quarter. Morgan Stanley grew its holdings in shares of MicroVision by 93.7% during the third quarter. Morgan Stanley now owns 81,051 shares of the electronics maker’s stock worth $158,000 after buying an additional 39,208 shares during the last quarter. Finally, Farmers Trust Co. purchased a new position in shares of MicroVision during the third quarter worth about $104,000. Institutional investors and hedge funds own 8.50% of the company’s stock.
MicroVision Company Profile (NASDAQ:MVIS)
MicroVision, Inc develops scanning technology to create high-resolution miniature projection, and three-dimensional sensing and image capture solutions under the PicoP brand in the United States. Its PicoP scanning technology is based on micro-electrical mechanical systems, laser diodes, opto-mechanics, and electronics.
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