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

MicroVision (NASDAQ:MVIS) was upgraded by stock analysts at StockNews.com to a “sell” rating in a research note issued on Friday.

Separately, Westpark Capital initiated coverage on shares of MicroVision in a research note on Thursday. They set a “buy” rating and a $1.30 price objective for the company.

MicroVision Stock Up 3.9 %

Shares of MicroVision stock traded up $0.04 during trading hours on Friday, reaching $0.99. 10,152,940 shares of the company’s stock were exchanged, compared to its average volume of 2,444,528. The business has a fifty day moving average of $0.98 and a two-hundred day moving average of $1.03. The company has a market capitalization of $215.80 million, a P/E ratio of -2.40 and a beta of 2.96. MicroVision has a 1 year low of $0.80 and a 1 year high of $2.98.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC boosted its holdings in MicroVision by 89.2% in the 2nd quarter. SG Americas Securities LLC now owns 75,159 shares of the electronics maker’s stock valued at $80,000 after purchasing an additional 35,442 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of MicroVision by 17.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 771,359 shares of the electronics maker’s stock valued at $818,000 after buying an additional 117,035 shares during the period. Rhumbline Advisers lifted its holdings in MicroVision by 16.8% in the second quarter. Rhumbline Advisers now owns 296,302 shares of the electronics maker’s stock valued at $314,000 after acquiring an additional 42,704 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in MicroVision by 133.4% in the second quarter. Daiwa Securities Group Inc. now owns 64,436 shares of the electronics maker’s stock valued at $68,000 after acquiring an additional 36,834 shares during the last quarter. Finally, Thoroughbred Financial Services LLC grew its position in MicroVision by 29.1% in the second quarter. Thoroughbred Financial Services LLC now owns 88,670 shares of the electronics maker’s stock worth $93,000 after acquiring an additional 20,000 shares during the period. Institutional investors and hedge funds 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.