Microvision (MVIS) Issueds New 1-Year Low at $0.65

Microvision (MVIS) Issueds New 1-Year Low at $0.65

Microvision, Inc. (NASDAQ:MVIS) hit a new 52-week low on Thursday . The stock traded as low as $0.65 and last traded at $0.66, with a volume of 1205809 shares. The stock had previously closed at $0.79.

Several research analysts have issued reports on MVIS shares. Zacks Investment Research upgraded Microvision from a “hold” rating to a “buy” rating and set a $1.25 price objective for the company in a research report on Saturday, September 29th. HC Wainwright set a $4.00 price target on Microvision and gave the company a “buy” rating in a research report on Monday, September 10th.

The company has a market cap of $73.06 million, a price-to-earnings ratio of -2.01 and a beta of 0.05.

Several large investors have recently made changes to their positions in MVIS. BSW Wealth Partners increased its holdings in shares of Microvision by 260.0% in the 3rd quarter. BSW Wealth Partners now owns 90,000 shares of the electronics maker’s stock valued at $109,000 after acquiring an additional 65,000 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Microvision in the 2nd quarter worth $136,000. PVG Asset Management Corp bought a new stake in shares of Microvision in the 2nd quarter worth $224,000. Rational Advisors LLC bought a new stake in shares of Microvision in the 2nd quarter worth $224,000. Finally, LMR Partners LLP acquired a new stake in shares of Microvision during the second quarter worth $235,000. Institutional investors and hedge funds own 24.16% of the company’s stock.

Microvision Company Profile (NASDAQ:MVIS)

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

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