Microvision (NASDAQ:MVIS) posted its quarterly earnings results on Thursday. The electronics maker reported ($0.08) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.08), RTT News reports. The company had revenue of $1.24 million for the quarter, compared to analyst estimates of $4.70 million. Microvision had a negative return on equity of 627.69% and a negative net margin of 174.09%. During the same quarter last year, the company earned ($0.10) EPS.
MVIS stock opened at $0.75 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.53 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average of $0.80. Microvision has a 1 year low of $0.51 and a 1 year high of $1.44.
A number of hedge funds have recently bought and sold shares of MVIS. BSW Wealth Partners acquired a new stake in Microvision in the 1st quarter valued at about $97,000. Spark Investment Management LLC raised its position in shares of Microvision by 32.0% during the 1st quarter. Spark Investment Management LLC now owns 103,901 shares of the electronics maker’s stock worth $100,000 after acquiring an additional 25,206 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Microvision by 5.6% during the 4th quarter. Geode Capital Management LLC now owns 739,235 shares of the electronics maker’s stock worth $446,000 after acquiring an additional 39,003 shares in the last quarter. Taylor Frigon Capital Management LLC acquired a new stake in shares of Microvision during the 2nd quarter worth about $935,000. Finally, BlackRock Inc. raised its position in shares of Microvision by 2.9% during the 4th quarter. BlackRock Inc. now owns 1,562,274 shares of the electronics maker’s stock worth $944,000 after acquiring an additional 44,634 shares in the last quarter. 23.77% of the stock is currently owned by institutional investors.
A number of equities research analysts have issued reports on the company. Northland Securities reaffirmed a “hold” rating and issued a $27.00 price target on shares of CEVA in a research report on Thursday, April 18th. HC Wainwright reaffirmed a “buy” rating and issued a $3.50 price target on shares of Microvision in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $2.17.
Microvision Company Profile
MicroVision, Inc develops PicoP scanning technology to create high-resolution miniature projection, and three-dimensional sensing and image capture solutions in the United States and Asia. Its PicoP scanning technology includes micro-electrical mechanical systems, laser diodes, opto-mechanics, and electronics.
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