MCF Advisors LLC Has $300,000 Stock Holdings in Microvision, Inc. $MVIS

MCF Advisors LLC decreased its holdings in Microvision, Inc. (NASDAQ:MVIS) by 60.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 918,660 shares of the electronics maker’s stock after selling 1,412,000 shares during the quarter. MCF Advisors LLC’s holdings in Microvision were worth $300,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Microvision by 7.7% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 134,287 shares of the electronics maker’s stock worth $153,000 after buying an additional 9,637 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Microvision by 17.8% in the second quarter. The Manufacturers Life Insurance Company now owns 87,608 shares of the electronics maker’s stock valued at $100,000 after acquiring an additional 13,217 shares during the last quarter. Prudential Financial Inc. grew its position in Microvision by 77.4% in the second quarter. Prudential Financial Inc. now owns 30,520 shares of the electronics maker’s stock valued at $35,000 after acquiring an additional 13,315 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Microvision by 114.4% during the second quarter. BNP Paribas Financial Markets now owns 25,744 shares of the electronics maker’s stock worth $29,000 after acquiring an additional 13,735 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Microvision by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 697,357 shares of the electronics maker’s stock worth $447,000 after acquiring an additional 20,032 shares during the last quarter. Institutional investors and hedge funds own 30.90% of the company’s stock.

Microvision Stock Up 3.1%

Shares of MVIS stock opened at $1.64 on Friday. Microvision, Inc. has a twelve month low of $1.52 and a twelve month high of $23.10. The stock’s fifty day simple moving average is $3.28 and its 200 day simple moving average is $6.77. The firm has a market capitalization of $39.02 million, a P/E ratio of -0.30 and a beta of 1.18.

Microvision (NASDAQ:MVIS) last posted its earnings results on Thursday, August 6th. The electronics maker reported ($1.66) EPS for the quarter, missing the consensus estimate of ($0.75) by ($0.91). Microvision had a negative net margin of 3,976.67% and a negative return on equity of 221.31%. The firm had revenue of $1.47 million during the quarter, compared to the consensus estimate of $1.00 million.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MVIS. Weiss Ratings restated a “sell (e+)” rating on shares of Microvision in a research note on Friday, August 28th. Wall Street Zen upgraded shares of Microvision to a “sell” rating in a research report on Saturday, August 8th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Microvision currently has an average rating of “Hold” and an average price target of $37.50.

About Microvision

MicroVision, Inc (NASDAQ: MVIS) is a technology company specializing in laser scanning and sensing solutions. Founded in 1993 and headquartered in Redmond, Washington, MicroVision develops its proprietary PicoP® scanning technology, which integrates miniature lasers and microelectromechanical systems (MEMS) mirrors to create high-resolution projection displays and three-dimensional sensing systems. Over the years, the company has built a portfolio of patents and intellectual property focused on precision optics and laser-based signal processing.

At the core of MicroVision’s offerings is its display platform, which enables compact, energy-efficient projection for augmented reality (AR) headsets, head-up displays (HUDs) in automotive environments, and consumer electronics applications such as pico projectors.