MicroVision (NASDAQ:MVIS) Raised to “Sell” at StockNews.com

MicroVision (NASDAQ:MVIS) was upgraded by analysts at StockNews.com to a “sell” rating in a research report issued to clients and investors on Monday.

Several other research analysts have also issued reports on MVIS. D. Boral Capital began coverage on MicroVision in a research report on Monday, February 10th. They set a “buy” rating and a $3.00 target price for the company. Westpark Capital lifted their price target on shares of MicroVision from $1.30 to $2.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd.

MicroVision Stock Down 11.2 %

MVIS traded down $0.13 on Monday, hitting $1.03. The company had a trading volume of 5,871,987 shares, compared to its average volume of 3,693,415. The company has a market cap of $225.59 million, a PE ratio of -2.51 and a beta of 2.63. MicroVision has a 12-month low of $0.80 and a 12-month high of $2.53. The business’s fifty day simple moving average is $1.41 and its 200 day simple moving average is $1.17.

Hedge Funds Weigh In On MicroVision

A number of large investors have recently bought and sold shares of MVIS. Hudson Bay Capital Management LP bought a new position in MicroVision in the fourth quarter worth approximately $2,116,000. Renaissance Technologies LLC bought a new position in MicroVision in the fourth quarter worth approximately $1,769,000. Millennium Management LLC raised its stake in MicroVision by 10,387.0% in the fourth quarter. Millennium Management LLC now owns 1,125,670 shares of the electronics maker’s stock worth $1,475,000 after buying an additional 1,114,936 shares in the last quarter. JPMorgan Chase & Co. raised its stake in MicroVision by 686.5% in the fourth quarter. JPMorgan Chase & Co. now owns 708,518 shares of the electronics maker’s stock worth $928,000 after buying an additional 618,429 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in MicroVision by 7.8% in the third quarter. Geode Capital Management LLC now owns 4,999,592 shares of the electronics maker’s stock worth $5,700,000 after purchasing an additional 363,292 shares during the last quarter. Institutional investors own 30.90% of the company’s stock.

MicroVision Company Profile

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.