MicroVision’s (MVIS) Buy Rating Reaffirmed at Westpark Capital

MicroVision (NASDAQ:MVIS)‘s stock had its “buy” rating reiterated by Westpark Capital in a research report issued on Tuesday,Benzinga reports. They currently have a $2.00 price target on the electronics maker’s stock. Westpark Capital’s price target points to a potential upside of 23.46% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. D. Boral Capital assumed coverage on shares of MicroVision in a report on Monday, February 10th. They set a “buy” rating and a $3.00 price objective for the company. StockNews.com upgraded MicroVision to a “sell” rating in a research note on Monday, March 10th.

MicroVision Stock Performance

NASDAQ MVIS opened at $1.62 on Tuesday. The stock has a market capitalization of $354.81 million, a PE ratio of -3.95 and a beta of 2.63. The stock has a 50-day simple moving average of $1.41 and a 200 day simple moving average of $1.20. MicroVision has a twelve month low of $0.80 and a twelve month high of $1.95.

Institutional Trading of MicroVision

Hedge funds have recently modified their holdings of the stock. Caitlin John LLC acquired a new position in MicroVision during the 4th quarter worth $26,000. Cibc World Markets Corp acquired a new position in shares of MicroVision during the fourth quarter valued at $26,000. Tower Research Capital LLC TRC boosted its holdings in MicroVision by 226.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 22,852 shares of the electronics maker’s stock valued at $30,000 after acquiring an additional 15,861 shares during the last quarter. Warwick Investment Management Inc. bought a new position in MicroVision in the fourth quarter valued at about $37,000. Finally, Synergy Asset Management LLC raised its holdings in MicroVision by 140.4% during the 4th quarter. Synergy Asset Management LLC now owns 30,252 shares of the electronics maker’s stock worth $38,000 after purchasing an additional 17,669 shares during the last quarter. 30.90% of the stock is 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.