MCF Advisors LLC Raises Stake in Microvision, Inc. (NASDAQ:MVIS)

MCF Advisors LLC lifted its position in shares of Microvision, Inc. (NASDAQ:MVIS - Free Report) by 88.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,851,660 shares of the electronics maker's stock after purchasing an additional 868,000 shares during the quarter. MCF Advisors LLC owned 0.75% of Microvision worth $2,296,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MVIS. Private Advisor Group LLC increased its position in shares of Microvision by 22.5% during the first quarter. Private Advisor Group LLC now owns 51,758 shares of the electronics maker's stock worth $64,000 after acquiring an additional 9,500 shares in the last quarter. Kieckhefer Group LLC acquired a new position in Microvision during the 1st quarter valued at about $222,000. Thrive Wealth Management LLC bought a new stake in Microvision during the 1st quarter worth approximately $123,000. Parr Mcknight Wealth Management Group LLC purchased a new stake in shares of Microvision in the fourth quarter worth approximately $44,000. Finally, Two Sigma Advisers LP bought a new position in shares of Microvision in the fourth quarter valued at approximately $65,000. 30.90% of the stock is currently owned by institutional investors.

Microvision Stock Down 11.7%

MVIS stock traded down $0.18 during trading on Friday, reaching $1.33. The stock had a trading volume of 6,980,857 shares, compared to its average volume of 6,267,711. The company has a market capitalization of $330.27 million, a price-to-earnings ratio of -3.08 and a beta of 1.56. Microvision, Inc. has a one year low of $0.80 and a one year high of $1.95. The company's 50 day moving average is $1.20 and its two-hundred day moving average is $1.27.

Microvision (NASDAQ:MVIS - Get Free Report) last announced its earnings results on Monday, May 12th. The electronics maker reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). The business had revenue of $0.59 million during the quarter, compared to analysts' expectations of $2.25 million. Microvision had a negative return on equity of 161.24% and a negative net margin of 2,295.70%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Wall Street Zen raised Microvision to a "sell" rating in a research report on Wednesday, May 21st. D. Boral Capital restated a "buy" rating and set a $2.50 price objective on shares of Microvision in a research note on Wednesday, May 21st.

Microvision Profile

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.