Microvision (NASDAQ:MVIS) Issues Earnings Results

Microvision (NASDAQ:MVIS) posted its quarterly earnings data on Thursday. The electronics maker reported ($0.08) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.08), RTT News reports. Microvision had a negative net margin of 163.21% and a negative return on equity of 445.01%. The firm had revenue of $1.24 million for the quarter, compared to the consensus estimate of $4.70 million. During the same period in the prior year, the firm posted ($0.10) EPS.

Microvision stock traded down $0.18 during trading hours on Friday, hitting $0.68. 913,867 shares of the company traded hands, compared to its average volume of 225,036. The firm’s 50-day moving average price is $0.80. The company has a market cap of $83.92 million, a price-to-earnings ratio of -2.19 and a beta of 0.59. The company has a current ratio of 0.59, a quick ratio of 0.53 and a debt-to-equity ratio of 0.01. Microvision has a 1-year low of $0.51 and a 1-year high of $1.44.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Spark Investment Management LLC grew its stake in shares of Microvision by 32.0% in the 1st quarter. Spark Investment Management LLC now owns 103,901 shares of the electronics maker’s stock worth $100,000 after purchasing an additional 25,206 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Microvision by 5.6% in the 4th quarter. Geode Capital Management LLC now owns 739,235 shares of the electronics maker’s stock worth $446,000 after purchasing an additional 39,003 shares during the last quarter. BlackRock Inc. grew its stake in shares of Microvision by 2.9% in the 4th quarter. BlackRock Inc. now owns 1,562,274 shares of the electronics maker’s stock worth $944,000 after purchasing an additional 44,634 shares during the last quarter. BSW Wealth Partners acquired a new position in shares of Microvision in the 1st quarter worth approximately $97,000. Finally, Taylor Frigon Capital Management LLC acquired a new position in shares of Microvision in the 2nd quarter worth approximately $935,000. 23.77% of the stock is currently owned by institutional investors.

MVIS has been the topic of several research analyst reports. Northland Securities reissued a “hold” rating and set a $27.00 target price on shares of CEVA in a research note on Thursday, April 18th. HC Wainwright reissued a “buy” rating and set a $3.50 target price on shares of Microvision in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Microvision has an average rating of “Buy” and an average price target of $2.17.

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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Earnings History for Microvision (NASDAQ:MVIS)

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