Vuzix Co. (NASDAQ:VUZI - Get Free Report)'s stock price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $1.13 and traded as low as $1.08. Vuzix shares last traded at $1.15, with a volume of 664,967 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Craig Hallum cut their price objective on Vuzix from $3.00 to $2.00 and set a "buy" rating for the company in a research report on Thursday, August 15th.
View Our Latest Research Report on VUZI
Vuzix Price Performance
The firm's 50 day moving average price is $1.13 and its 200-day moving average price is $1.23. The firm has a market cap of $85.39 million, a price-to-earnings ratio of -0.93 and a beta of 1.51.
Vuzix (NASDAQ:VUZI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.52). Vuzix had a negative return on equity of 114.41% and a negative net margin of 1,285.06%. The company had revenue of $1.09 million for the quarter.
Institutional Trading of Vuzix
A number of hedge funds have recently modified their holdings of VUZI. GSA Capital Partners LLP raised its stake in shares of Vuzix by 312.7% in the third quarter. GSA Capital Partners LLP now owns 502,200 shares of the company's stock valued at $588,000 after purchasing an additional 380,517 shares in the last quarter. Taylor Frigon Capital Management LLC raised its stake in shares of Vuzix by 85.5% in the 3rd quarter. Taylor Frigon Capital Management LLC now owns 667,230 shares of the company's stock valued at $781,000 after buying an additional 307,599 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Vuzix by 86.9% during the 1st quarter. BNP Paribas Financial Markets now owns 279,650 shares of the company's stock worth $338,000 after acquiring an additional 130,012 shares during the period. Squarepoint Ops LLC boosted its position in shares of Vuzix by 541.4% during the 2nd quarter. Squarepoint Ops LLC now owns 119,218 shares of the company's stock valued at $161,000 after acquiring an additional 100,632 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Vuzix in the second quarter valued at about $114,000. Institutional investors own 35.87% of the company's stock.
Vuzix Company Profile
(
Get Free Report)
Vuzix Corporation designs, manufactures, and markets smart glasses and augmented reality (AR) technologies and products for the enterprise, medical, defense, and consumer markets. The company's products include head-mounted smart personal display and wearable computing devices that offer users a portable viewing experience, provide solutions for mobility, wearable displays, and augmented reality, as well as original equipment manufacturer waveguide optical components and display engines.
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