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

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

MVIS has been the subject of several other research reports. D. Boral Capital started coverage on shares of MicroVision in a report on Monday, February 10th. They issued a “buy” rating and a $3.00 target price for the company. Westpark Capital raised their target price on shares of MicroVision from $1.30 to $2.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd.

MicroVision Trading Down 1.8 %

MicroVision stock opened at $1.07 on Monday. The firm has a 50-day moving average price of $1.40 and a 200-day moving average price of $1.17. The firm has a market capitalization of $234.35 million, a PE ratio of -2.61 and a beta of 2.63. MicroVision has a 12-month low of $0.80 and a 12-month high of $2.34.

Institutional Investors Weigh In On MicroVision

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cibc World Markets Corp bought a new stake in MicroVision during the 4th quarter valued at about $26,000. Caitlin John LLC bought a new stake in shares of MicroVision in the 4th quarter valued at about $26,000. Tower Research Capital LLC TRC raised its holdings in shares of 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 purchasing an additional 15,861 shares in the last quarter. Warwick Investment Management Inc. bought a new stake in shares of MicroVision in the 4th quarter valued at about $37,000. Finally, Synergy Asset Management LLC raised its holdings in shares of 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 purchasing an additional 17,669 shares in the last quarter. 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.