MicroVision (NASDAQ:MVIS) Shares Pass Above 200 Day Moving Average – Here’s Why

MicroVision, Inc. (NASDAQ:MVIS) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.06 and traded as high as $1.22. MicroVision shares last traded at $1.19, with a volume of 5,600,551 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. StockNews.com raised shares of MicroVision to a “sell” rating in a research note on Friday, December 20th. Westpark Capital assumed coverage on MicroVision in a report on Thursday, December 19th. They issued a “buy” rating and a $1.30 price objective for the company.

MicroVision Trading Down 6.3 %

The company has a market cap of $260.63 million, a P/E ratio of -2.90 and a beta of 2.87. The company has a 50 day moving average price of $1.05 and a 200-day moving average price of $1.06.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MVIS. Geode Capital Management LLC raised its position in MicroVision by 7.8% in the third quarter. Geode Capital Management LLC now owns 4,999,592 shares of the electronics maker’s stock worth $5,700,000 after acquiring an additional 363,292 shares during the period. State Street Corp grew its position in shares of MicroVision by 0.7% in the third quarter. State Street Corp now owns 5,095,629 shares of the electronics maker’s stock valued at $5,809,000 after purchasing an additional 37,126 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in MicroVision by 4.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,697,587 shares of the electronics maker’s stock valued at $1,935,000 after buying an additional 65,712 shares in the last quarter. Barclays PLC increased its holdings in MicroVision by 302.0% during the 3rd quarter. Barclays PLC now owns 282,690 shares of the electronics maker’s stock worth $322,000 after acquiring an additional 212,365 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in shares of MicroVision in the third quarter worth $56,000. Institutional investors 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.