Today, the CEO of Microvision (NASDAQ: MVIS), Perry Mulligan, bought shares of MVIS for $24K.
Following this transaction Perry Mulligan’s holding in the company was increased by 11.54% to a total of $228.9K.
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Based on Microvision’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $2.01 million and GAAP net loss of $8.46 million. In comparison, last year the company earned revenue of $1.45 million and had a GAAP net loss of $5.49 million. Currently, Microvision has an average volume of 1.03M. The Company has a Price to Book ratio of 7.5894.
Starting in January 2017, MVIS received 19 Buy ratings in a row. Four different firms, including Ladenburg and Northland Securities, currently also have a Buy rating on the stock.
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MicroVision, Inc. engages in the development of laser beam scanning technology. It offers its product under the PicoP brand. PicoP offers Pico projection or interactive Pico projection; three-dimensional sensing for automotive and industrial applications; augmented or virtual reality; and head up displays for automobiles.
