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

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

Separately, Westpark Capital assumed coverage on shares of MicroVision in a research report on Thursday. They set a “buy” rating and a $1.30 price target on the stock.

MicroVision Trading Up 3.9 %

MVIS opened at $0.99 on Friday. The stock’s 50-day moving average price is $0.98 and its 200 day moving average price is $1.03. MicroVision has a 12-month low of $0.80 and a 12-month high of $2.98. The firm has a market cap of $215.80 million, a price-to-earnings ratio of -2.40 and a beta of 2.96.

Institutional Trading of MicroVision

Several hedge funds have recently modified their holdings of MVIS. Charles Schwab Investment Management Inc. grew its stake in MicroVision by 4.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,697,587 shares of the electronics maker’s stock worth $1,935,000 after purchasing an additional 65,712 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of MicroVision during the third quarter worth about $56,000. SG Americas Securities LLC increased its stake in shares of MicroVision by 89.2% during the second quarter. SG Americas Securities LLC now owns 75,159 shares of the electronics maker’s stock worth $80,000 after buying an additional 35,442 shares during the period. Sei Investments Co. acquired a new stake in MicroVision in the second quarter valued at approximately $27,000. Finally, Bank of New York Mellon Corp lifted its stake in MicroVision by 17.9% in the second quarter. Bank of New York Mellon Corp now owns 771,359 shares of the electronics maker’s stock worth $818,000 after acquiring an additional 117,035 shares during the last quarter. 30.90% of the stock is currently owned by institutional investors and hedge funds.

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.