Microvision, Inc. (NASDAQ:MVIS)’s stock price dropped 6.6% on Tuesday . The company traded as low as $0.55 and last traded at $0.57, approximately 807,256 shares were traded during trading. An increase of 83% from the average daily volume of 440,393 shares. The stock had previously closed at $0.61.

MVIS has been the subject of a number of recent analyst reports. Northland Securities set a $2.00 target price on shares of Microvision and gave the company a “buy” rating in a research report on Friday, July 19th. HC Wainwright reissued a “buy” rating and set a $3.50 target price on shares of Microvision in a research report on Friday, July 19th. Finally, Zacks Investment Research downgraded shares of Microvision from a “hold” rating to a “sell” rating in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $2.17.

The company has a market capitalization of $66.29 million, a P/E ratio of -1.84 and a beta of 0.57. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average of $0.73.

Microvision (NASDAQ:MVIS) last announced its quarterly earnings data on Thursday, July 18th. The electronics maker reported ($0.08) EPS for the quarter, hitting the consensus estimate of ($0.08). The company had revenue of $1.24 million during the quarter, compared to the consensus estimate of $4.70 million. Microvision had a negative net margin of 174.09% and a negative return on equity of 1,277.02%. During the same quarter last year, the firm posted ($0.10) EPS. Sell-side analysts predict that Microvision, Inc. will post -0.29 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in MVIS. BlackRock Inc. lifted its holdings 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 in the last quarter. Geode Capital Management LLC lifted its holdings 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 in the last quarter. BSW Wealth Partners bought a new position in shares of Microvision in the 1st quarter worth $97,000. Spark Investment Management LLC lifted its holdings 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 in the last quarter. Finally, Taylor Frigon Capital Management LLC bought a new position in shares of Microvision in the 2nd quarter worth $935,000. 23.35% of the stock is owned by institutional investors.

About Microvision (NASDAQ:MVIS)

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.

Further Reading: How to Profit and Limit Losses With Stop Orders

Receive News & Ratings for Microvision Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microvision and related companies with MarketBeat.com's FREE daily email newsletter.