StockNews.com Upgrades MicroVision (NASDAQ:MVIS) to Sell

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

Separately, Westpark Capital assumed coverage on shares of MicroVision in a research note on Thursday. They issued a “buy” rating and a $1.30 price target for the company.

MicroVision Stock Up 3.9 %

Shares of NASDAQ MVIS opened at $0.99 on Friday. The stock has a market cap of $215.80 million, a P/E ratio of -2.40 and a beta of 2.96. The firm’s 50-day simple moving average is $0.98 and its 200 day simple moving average is $1.03. MicroVision has a fifty-two week low of $0.80 and a fifty-two week high of $2.98.

Institutional Trading of MicroVision

A number of hedge funds have recently modified their holdings of the business. Virtu Financial LLC purchased a new position in MicroVision during the third quarter valued at approximately $72,000. Barclays PLC increased its stake in MicroVision by 302.0% during the third quarter. Barclays PLC now owns 282,690 shares of the electronics maker’s stock valued at $322,000 after acquiring an additional 212,365 shares during the period. Coldstream Capital Management Inc. grew its holdings in shares of MicroVision by 7.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 304,964 shares of the electronics maker’s stock worth $348,000 after purchasing an additional 20,113 shares in the last quarter. Geode Capital Management LLC increased its holdings in MicroVision by 7.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,999,592 shares of the electronics maker’s stock valued at $5,700,000 after buying an additional 363,292 shares during the period. Finally, XTX Topco Ltd raised its position in MicroVision by 319.0% in the third quarter. XTX Topco Ltd now owns 125,579 shares of the electronics maker’s stock worth $143,000 after purchasing an additional 95,605 shares in the last quarter. Hedge funds and other institutional investors 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.