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

StockNews.com upgraded shares of MicroVision (NASDAQ:MVIS) to a sell rating in a research report released on Friday.

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

MicroVision Stock Performance

MicroVision stock opened at $0.99 on Friday. The firm has a market capitalization of $215.80 million, a PE ratio of -2.40 and a beta of 2.96. MicroVision has a one year low of $0.80 and a one year high of $2.98. The stock’s 50 day moving average price is $0.98 and its 200 day moving average price is $1.03.

Institutional Investors Weigh In On MicroVision

Institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC raised its position in shares of MicroVision by 7.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,999,592 shares of the electronics maker’s stock worth $5,700,000 after purchasing an additional 363,292 shares during the period. Barclays PLC lifted its stake in MicroVision by 302.0% in the third quarter. Barclays PLC now owns 282,690 shares of the electronics maker’s stock valued at $322,000 after buying an additional 212,365 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of MicroVision by 17.9% during the second quarter. Bank of New York Mellon Corp now owns 771,359 shares of the electronics maker’s stock valued at $818,000 after acquiring an additional 117,035 shares during the period. BSW Wealth Partners grew its position in shares of MicroVision by 33.3% during the third quarter. BSW Wealth Partners now owns 400,000 shares of the electronics maker’s stock worth $456,000 after acquiring an additional 100,000 shares during the last quarter. Finally, XTX Topco Ltd increased its holdings in shares of MicroVision by 319.0% in the 3rd quarter. XTX Topco Ltd now owns 125,579 shares of the electronics maker’s stock worth $143,000 after acquiring an additional 95,605 shares during the period. 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.