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

Shares of MicroVision, Inc. (NASDAQ:MVIS) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.16 and traded as high as $1.31. MicroVision shares last traded at $1.17, with a volume of 5,162,840 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MVIS. StockNews.com upgraded MicroVision to a “sell” rating in a report on Friday, December 20th. D. Boral Capital initiated coverage on MicroVision in a research report on Monday, February 10th. They set a “buy” rating and a $3.00 price target for the company. Finally, Westpark Capital boosted their price objective on MicroVision from $1.30 to $2.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd.

MicroVision Stock Down 11.4 %

The company has a 50-day simple moving average of $1.43 and a two-hundred day simple moving average of $1.16. The firm has a market cap of $256.25 million, a PE ratio of -2.85 and a beta of 2.87.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Caitlin John LLC bought a new stake in shares of MicroVision in the fourth quarter valued at $26,000. Cibc World Markets Corp bought a new stake in shares of MicroVision in the fourth quarter valued at $26,000. Tower Research Capital LLC TRC raised its stake in shares of MicroVision by 226.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 22,852 shares of the electronics maker’s stock valued at $30,000 after buying an additional 15,861 shares during the period. Warwick Investment Management Inc. bought a new stake in shares of MicroVision in the fourth quarter valued at $37,000. Finally, Synergy Asset Management LLC raised its stake in shares of MicroVision by 140.4% in the fourth quarter. Synergy Asset Management LLC now owns 30,252 shares of the electronics maker’s stock valued at $38,000 after buying an additional 17,669 shares during the period. Hedge funds and other institutional investors 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.