MicroVision (NASDAQ:MVIS) Rating Increased to Sell at StockNews.com

StockNews.com upgraded shares of MicroVision (NASDAQ:MVIS) to a sell rating in a research report released on Monday morning.

Several other brokerages also recently commented on MVIS. D. Boral Capital started coverage on MicroVision in a report on Monday, February 10th. They set a “buy” rating and a $3.00 target price for the company. Westpark Capital upped their target price on MicroVision from $1.30 to $2.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd.

MicroVision Stock Down 11.2 %

Shares of MicroVision stock opened at $1.03 on Monday. The firm has a market cap of $225.59 million, a price-to-earnings ratio of -2.51 and a beta of 2.63. The business has a fifty day simple moving average of $1.41 and a 200-day simple moving average of $1.17. MicroVision has a fifty-two week low of $0.80 and a fifty-two week high of $2.53.

Institutional Trading of MicroVision

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. grew its holdings in MicroVision by 8.7% in the 4th quarter. Invesco Ltd. now owns 110,457 shares of the electronics maker’s stock valued at $145,000 after buying an additional 8,813 shares during the last quarter. Lakeside Advisors INC. grew its holdings in MicroVision by 19.4% in the 4th quarter. Lakeside Advisors INC. now owns 61,638 shares of the electronics maker’s stock valued at $81,000 after buying an additional 10,000 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in MicroVision by 226.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 22,852 shares of the electronics maker’s stock valued at $30,000 after buying an additional 15,861 shares during the last quarter. Synergy Asset Management LLC grew its holdings in MicroVision by 140.4% in the 4th quarter. Synergy Asset Management LLC now owns 30,252 shares of the electronics maker’s stock valued at $38,000 after buying an additional 17,669 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in MicroVision by 4.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 451,837 shares of the electronics maker’s stock valued at $592,000 after buying an additional 18,130 shares during the last quarter. Institutional investors and hedge funds own 30.90% of the company’s stock.

About MicroVision

MicroVision, Inc develops and sells lidar sensors and software used in automotive safety and autonomous driving applications. It offers a suite of light detection and ranging (lidar) sensors and perception; and validation software for automotive OEMs, advanced driver-assistance systems, and autonomous vehicle applications, as well as non-automotive applications including industrial, robotics, and smart infrastructure.