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Technology Companies Microvision and Pixelworks See Stock Prices Nudge Up

ACCESSWIRE

NEW YORK, NY / ACCESSWIRE / March 21, 2017 / Microvision and Pixelworks are two companies that both focus on the mobile display markets, a key sector in the consumer and electronics markets. The demand for small form technologies continues to grow, and as Apple and other tablet companies have started to see their demand flatten, the hunt is on for ways to increase consumer interest. As with virtually all technologies, they are either made competitive by new features or by lowering prices to attract new buyers.

RDI Initiates Coverage:

Microvision, Inc. https://ub.rdinvesting.com/news/?ticker=MVIS

Pixelworks, Inc. https://ub.rdinvesting.com/news/?ticker=PXLW

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The company saw its stock rise 52 cents a share to close at $2.60 on Monday. Microvision is an innovator in miniature display technology, and announced on Wednesday, March 15, it had received its first order for its small form factor display engine and from 16th March, within three days the stock price shoot up nearly 42 percent. The order came from an unnamed Asian electronics device manufacturer with a total contract of $6.7 million. Currently, the units are expected to begin shipment during the 2nd quarter of this year. The vast majority of units will be shipped by the end of the year. This initial shipment is a primer to determine the future of the demand for Asian electronics in the east. Depending on the outcomes, the current price of $2.60 a share may be a bargain by the end of 2017, as this $6.7 million of sales order is over 45 percent of its revenue of $14.8 million reported for the year 2016. Microvision has reported loss of $16.5 million or $0.32 a share on revenue of $14.8 million for the year 2016 and it had $15.1 million of reported cash and cash equivalents as on December 31 st, 2016.

Access RDI's Microvision Research Report at: https://ub.rdinvesting.com/news/?ticker=MVIS

The company closed down from the trading day's opening high of $4.84 per share. The 21 cent decline occurred with no visible news as to why. Pixelworks is a company that designs and markets display technologies for mobile phone and device manufacturers. Although there are very few research firms that cover this company, it has its investment ratings as "buy" given by most of the analysts covering this company, according to Wall Street Journal. Lake Street has lifted ratings of the company in February from "hold" to "buy" post it's fourth quarter and full year 2016 result, the company recently also has caught the attention of Zacks investment rating service. Pixelworks has reported net loss of $11.1 million or $0.39 a share on revenue of $53.4 million for the year 2016 as compared to net loss of $10.6 million or $0.42 share on revenue of $59.5 million reported in the year 2015.

Access RDI’s Pixelworks Research Report at: https://ub.rdinvesting.com/news/?ticker=PXLW

Our Actionable Research on Microvision, Inc. (NASDAQ: MVIS) and Pixelworks, Inc. (NASDAQ: PXLW) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and reviewed by Hemal K. Gandhi, a CFA® charter holder. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information, please read our full disclaimer at www.rdinvesting.com/disclaimer.

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SOURCE: RDInvesting.com