MicroVision (NASDAQ:MVIS) Upgraded at StockNews.com

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

Separately, Westpark Capital assumed coverage on shares of MicroVision in a report on Thursday. They issued a “buy” rating and a $1.30 price objective for the company.

MicroVision Stock Up 3.9 %

Shares of NASDAQ:MVIS opened at $0.99 on Friday. MicroVision has a 52-week low of $0.80 and a 52-week high of $2.98. The stock has a market cap of $215.80 million, a P/E ratio of -2.40 and a beta of 2.96. The business has a fifty day moving average of $0.98 and a two-hundred day moving average of $1.03.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Sei Investments Co. purchased a new stake in MicroVision in the second quarter valued at $27,000. Aaron Wealth Advisors LLC purchased a new stake in MicroVision in the 3rd quarter valued at about $31,000. XTX Topco Ltd acquired a new position in MicroVision in the second quarter valued at about $32,000. Allspring Global Investments Holdings LLC purchased a new position in MicroVision during the third quarter worth about $40,000. Finally, Hsbc Holdings PLC increased its position in shares of MicroVision by 158.3% during the second quarter. Hsbc Holdings PLC now owns 39,168 shares of the electronics maker’s stock valued at $41,000 after acquiring an additional 24,006 shares during the last quarter. 30.90% of the stock is currently owned by institutional investors and hedge funds.

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.