MicroVision (NASDAQ:MVIS) Coverage Initiated at Westpark Capital

Investment analysts at Westpark Capital began coverage on shares of MicroVision (NASDAQ:MVIS) in a research report issued to clients and investors on Thursday,Benzinga reports. The firm set a “buy” rating and a $1.30 price target on the electronics maker’s stock. Westpark Capital’s price target would suggest a potential upside of 43.63% from the company’s previous close.

MicroVision Trading Up 11.7 %

Shares of NASDAQ:MVIS opened at $0.91 on Thursday. The firm has a 50 day moving average of $0.99 and a 200-day moving average of $1.03. MicroVision has a 12 month low of $0.80 and a 12 month high of $2.98. The stock has a market capitalization of $198.23 million, a PE ratio of -2.21 and a beta of 2.96.

Institutional Investors Weigh In On MicroVision

Large investors have recently modified their holdings of the business. Thoroughbred Financial Services LLC raised its holdings in shares of MicroVision by 29.1% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 88,670 shares of the electronics maker’s stock worth $93,000 after buying an additional 20,000 shares in the last quarter. Coldstream Capital Management Inc. raised its stake in MicroVision by 7.1% during the third quarter. Coldstream Capital Management Inc. now owns 304,964 shares of the electronics maker’s stock worth $348,000 after acquiring an additional 20,113 shares in the last quarter. Hsbc Holdings PLC raised its stake in MicroVision by 158.3% during the second quarter. Hsbc Holdings PLC now owns 39,168 shares of the electronics maker’s stock worth $41,000 after acquiring an additional 24,006 shares in the last quarter. Sei Investments Co. bought a new position in shares of MicroVision in the second quarter worth about $27,000. Finally, Aaron Wealth Advisors LLC acquired a new stake in shares of MicroVision in the 3rd quarter valued at approximately $31,000. Institutional investors and hedge funds 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.