Shares of Vuzix Co. (NASDAQ:VUZI - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.47 and traded as low as $2.27. Vuzix shares last traded at $2.30, with a volume of 836,564 shares trading hands.
Vuzix Price Performance
The stock has a 50-day moving average of $3.30 and a 200-day moving average of $2.50. The firm has a market cap of $173.83 million, a price-to-earnings ratio of -1.84 and a beta of 1.64.
Vuzix (NASDAQ:VUZI - Get Free Report) last released its earnings results on Thursday, March 13th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.04). The company had revenue of $1.27 million for the quarter, compared to analyst estimates of $1.53 million. Vuzix had a negative return on equity of 139.39% and a negative net margin of 1,437.17%.
Hedge Funds Weigh In On Vuzix
Several hedge funds and other institutional investors have recently made changes to their positions in VUZI. Wells Fargo & Company MN boosted its position in shares of Vuzix by 130.9% during the 4th quarter. Wells Fargo & Company MN now owns 7,056 shares of the company's stock worth $28,000 after acquiring an additional 4,000 shares in the last quarter. Sprott Inc. acquired a new stake in shares of Vuzix in the 4th quarter valued at $39,000. Kellett Wealth Advisors LLC bought a new position in shares of Vuzix in the 4th quarter valued at $41,000. Root Financial Partners LLC bought a new position in shares of Vuzix in the 4th quarter valued at $41,000. Finally, ExodusPoint Capital Management LP acquired a new position in shares of Vuzix during the 4th quarter worth $50,000. 35.87% of the stock is currently owned by institutional investors and hedge funds.
About Vuzix
(
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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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