Bard Financial Services Inc. Makes New Investment in MicroVision, Inc. (NASDAQ:MVIS)

Bard Financial Services Inc. purchased a new stake in shares of MicroVision, Inc. (NASDAQ:MVIS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 127,050 shares of the electronics maker’s stock, valued at approximately $166,000.

Other hedge funds also recently modified their holdings of the company. Sei Investments Co. bought a new position in MicroVision during the second quarter valued at about $27,000. Aaron Wealth Advisors LLC bought a new position in shares of MicroVision during the 3rd quarter valued at about $31,000. XTX Topco Ltd acquired a new position in shares of MicroVision in the 2nd quarter worth approximately $32,000. Allspring Global Investments Holdings LLC bought a new stake in shares of MicroVision in the 3rd quarter worth approximately $40,000. Finally, Hsbc Holdings PLC lifted its stake in 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 purchasing an additional 24,006 shares during the last quarter. 30.90% of the stock is currently owned by institutional investors and hedge funds.

MicroVision Stock Down 3.0 %

Shares of MicroVision stock traded down $0.05 during trading on Monday, hitting $1.46. The stock had a trading volume of 5,955,272 shares, compared to its average volume of 7,362,990. MicroVision, Inc. has a 1 year low of $0.80 and a 1 year high of $2.80. The stock has a 50 day simple moving average of $1.02 and a 200 day simple moving average of $1.05. The company has a market capitalization of $318.67 million, a PE ratio of -3.55 and a beta of 2.87.

Analyst Ratings Changes

Several research firms have issued reports on MVIS. StockNews.com raised MicroVision to a “sell” rating in a report on Friday, December 20th. Westpark Capital assumed coverage on MicroVision in a research report on Thursday, December 19th. They set a “buy” rating and a $1.30 target price on the stock.

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.