Shares of Microvision Inc. (MVIS) are up 53 cents, or 19.34%, at $3.27, in early trading after the company this morning announced it received $14.5 million in component orders. MicroVision said it plans to begin shipment of components for these orders in the second half of 2015 and expects fulfillment to continue into 2016. The news has prompted a big volume too with the issue currently trading more than 9.5 million shares, which dwarfs the average volume of 437K.
Microvision Inc is a Redmond, Washington-based ultra-miniature projection display technology provider. Its stock has a median consensus analyst price target of $3.50, and a 52-week trading range of $1.49 to $3.44.
The T-12 operating margin at Microvision is (377.85%). MVIS’ revenue for the same period is $3.48 million.
Microvision Inc. has market cap of $144.11 million.