The stock had a volume of 1,942,069, slightly greater than its average of 1,701,040. It hit a high of $2.33 and a low of $2.05 for the day. The stock has a one-year high of $3.49 and a one-year low of $1.03.
The laser beam tech developer soared last week after Sony revealed it would use Microvision's patented PicoP technology in its new pico projector module, which will have HD resolution. The PicoP technology allows image and video to be projected from mobile devices.
But Microvision started to reverse its massive gains on Monday, and the trend has continued through the end of the trading day on Thursday.
TheStreet Ratings team rates MICROVISION INC as a "sell" with a ratings score of E+. TheStreet Ratings Team has this to say about their recommendation:
"We rate MICROVISION INC (MVIS) a SELL. This is based on the combination of unfavorable investment measures, which should drive this stock to significantly underperform the majority of stocks that we rate. The area that we feel has been the company's primary weakness has been its unimpressive growth in net income."
Highlights from the analysis by TheStreet Ratings Team goes as follows: