Microvision (MVIS) Earns Buy Rating from Northland Securities

Northland Securities reissued their buy rating on shares of Microvision (NASDAQ:MVIS) in a research note released on Thursday morning, AnalystRatings.com reports. Northland Securities currently has a $2.00 price objective on the electronics maker’s stock.

Several other research analysts also recently weighed in on MVIS. Craig Hallum started coverage on Microvision in a research note on Wednesday, December 19th. They set a buy rating on the stock. HC Wainwright set a $4.00 target price on Microvision and gave the stock a buy rating in a research note on Monday, December 31st. ValuEngine upgraded Microvision from a sell rating to a hold rating in a research note on Wednesday, January 2nd. Finally, Zacks Investment Research upgraded Microvision from a hold rating to a strong-buy rating and set a $1.00 target price on the stock in a research note on Friday, January 18th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Microvision presently has a consensus rating of Buy and an average price target of $2.17.

Shares of NASDAQ:MVIS opened at $1.01 on Thursday. Microvision has a 12-month low of $0.51 and a 12-month high of $1.80. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 0.01.

Microvision (NASDAQ:MVIS) last announced its earnings results on Wednesday, April 17th. The electronics maker reported ($0.08) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.01. Microvision had a negative return on equity of 304.53% and a negative net margin of 163.21%. The firm had revenue of $1.85 million for the quarter, compared to the consensus estimate of $1.60 million. As a group, research analysts anticipate that Microvision will post -0.22 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in the stock. Stonebridge Capital Management Inc. grew its stake in Microvision by 22.0% during the 4th quarter. Stonebridge Capital Management Inc. now owns 88,675 shares of the electronics maker’s stock worth $54,000 after buying an additional 16,000 shares during the last quarter. Vanguard Group Inc grew its stake in Microvision by 0.9% during the 3rd quarter. Vanguard Group Inc now owns 3,352,566 shares of the electronics maker’s stock worth $4,056,000 after buying an additional 30,300 shares during the last quarter. Geode Capital Management LLC grew its stake in 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 buying an additional 39,003 shares during the last quarter. BlackRock Inc. grew its stake in 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 buying an additional 44,634 shares during the last quarter. Finally, State Treasurer State of Michigan grew its stake in Microvision by 12.0% during the 4th quarter. State Treasurer State of Michigan now owns 4,326,199 shares of the electronics maker’s stock worth $2,613,000 after buying an additional 462,000 shares during the last quarter. Hedge funds and other institutional investors own 24.29% of the company’s stock.

About Microvision

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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