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

MicroVision (NASDAQ:MVIS) was upgraded by analysts at StockNews.com to a “sell” rating in a report issued on Friday.

Separately, Westpark Capital assumed coverage on MicroVision in a report on Thursday. They issued a “buy” rating and a $1.30 price target on the stock.

MicroVision Stock Up 3.9 %

MVIS opened at $0.99 on Friday. The company’s 50-day moving average price is $0.98 and its 200 day moving average price is $1.03. MicroVision has a fifty-two week low of $0.80 and a fifty-two week high of $2.98. The firm has a market cap of $215.80 million, a price-to-earnings ratio of -2.40 and a beta of 2.96.

Institutional Trading of MicroVision

Hedge funds have recently bought and sold shares of the company. Sei Investments Co. acquired a new stake in shares of MicroVision in the second quarter valued at approximately $27,000. Aaron Wealth Advisors LLC acquired a new stake in MicroVision in the 3rd quarter valued at approximately $31,000. XTX Topco Ltd bought a new stake in MicroVision during the 2nd quarter valued at $32,000. Allspring Global Investments Holdings LLC bought a new stake in MicroVision during the 3rd quarter valued at $40,000. Finally, Hsbc Holdings PLC boosted its position in MicroVision by 158.3% during the 2nd quarter. Hsbc Holdings PLC now owns 39,168 shares of the electronics maker’s stock worth $41,000 after acquiring an additional 24,006 shares during the period. 30.90% of the stock is currently owned by institutional investors.

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.