BNP Paribas Financial Markets reduced its stake in shares of Vuzix Co. (NASDAQ:VUZI - Free Report) by 97.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,508 shares of the company's stock after selling 222,013 shares during the quarter. BNP Paribas Financial Markets' holdings in Vuzix were worth $26,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in VUZI. Stonebridge Financial Group LLC purchased a new position in shares of Vuzix in the 4th quarter valued at approximately $79,000. MFG Wealth Management Inc. acquired a new stake in Vuzix during the fourth quarter valued at $1,075,000. Root Financial Partners LLC purchased a new position in Vuzix during the fourth quarter valued at $41,000. Sprott Inc. purchased a new position in shares of Vuzix in the fourth quarter worth about $39,000. Finally, Kellett Wealth Advisors LLC purchased a new position in shares of Vuzix in the fourth quarter worth about $41,000. 35.87% of the stock is owned by hedge funds and other institutional investors.
Vuzix Price Performance
Shares of VUZI stock opened at $2.82 on Friday. The firm's 50-day moving average is $2.12 and its two-hundred day moving average is $2.85. The company has a market capitalization of $215.00 million, a PE ratio of -2.27 and a beta of 1.69. Vuzix Co. has a 12 month low of $0.83 and a 12 month high of $5.79.
Vuzix (NASDAQ:VUZI - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported ($0.11) earnings per share for the quarter, beating analysts' consensus estimates of ($0.12) by $0.01. The firm had revenue of $1.58 million during the quarter, compared to analysts' expectations of $1.34 million. Vuzix had a negative net margin of 1,437.17% and a negative return on equity of 139.39%.
Vuzix Company Profile
(
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.
Further Reading
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