Microvision (MVIS) Shares Up 15.5%

Microvision, Inc. (NASDAQ:MVIS) shot up 15.5% during trading on Friday . The stock traded as high as $0.88 and last traded at $0.82. 8,405 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 462,467 shares. The stock had previously closed at $0.71.

Several research firms have commented on MVIS. Northland Securities reissued a “buy” rating and issued a $2.00 target price on shares of Microvision in a report on Thursday, April 18th. HC Wainwright reaffirmed a “buy” rating and set a $3.50 price target on shares of Microvision in a report on Thursday, April 18th. Finally, Zacks Investment Research downgraded Microvision from a “buy” rating to a “hold” rating in a report on Saturday, March 9th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Microvision presently has a consensus rating of “Buy” and an average price target of $2.17.

The company has a quick ratio of 0.53, a current ratio of 0.59 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $79.29 million, a PE ratio of -2.65 and a beta of 0.55.

Microvision (NASDAQ:MVIS) last released its earnings results on Wednesday, April 17th. The electronics maker reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.01. Microvision had a negative return on equity of 445.01% and a negative net margin of 163.21%. The firm had revenue of $1.85 million during the quarter, compared to analysts’ expectations of $1.60 million. As a group, analysts expect that Microvision, Inc. will post -0.21 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. purchased a new stake in shares of Microvision during the first quarter worth about $37,000. Stonebridge Capital Management Inc. boosted its stake in Microvision by 22.0% during the fourth quarter. Stonebridge Capital Management Inc. now owns 88,675 shares of the electronics maker’s stock valued at $54,000 after buying an additional 16,000 shares during the last quarter. BSW Wealth Partners bought a new position in Microvision during the first quarter valued at approximately $97,000. Spark Investment Management LLC lifted its stake in shares of Microvision by 32.0% in the 1st quarter. Spark Investment Management LLC now owns 103,901 shares of the electronics maker’s stock valued at $100,000 after purchasing an additional 25,206 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of Microvision by 68.4% in the 1st quarter. Wells Fargo & Company MN now owns 133,649 shares of the electronics maker’s stock valued at $129,000 after purchasing an additional 54,269 shares during the last quarter. Hedge funds and other institutional investors own 23.79% of the company’s stock.

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Microvision Company Profile (NASDAQ:MVIS)

MicroVision, Inc develops PicoP scanning technology to create high-resolution miniature projection, and three-dimensional sensing and image capture solutions in the United States and Asia. Its PicoP scanning technology includes micro-electrical mechanical systems, laser diodes, opto-mechanics, and electronics.

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