Vuzix (VUZI) to Release Quarterly Earnings on Thursday

Vuzix (NASDAQ:VUZI - Get Free Report) is scheduled to be releasing its earnings data after the market closes on Thursday, May 9th. Persons interested in registering for the company's earnings conference call can do so using this link.

Vuzix (NASDAQ:VUZI - Get Free Report) last issued its quarterly earnings data on Monday, April 15th. The company reported ($0.32) earnings per share for the quarter. The business had revenue of $1.07 million during the quarter. Vuzix had a negative return on equity of 51.52% and a negative net margin of 413.47%.

Vuzix Trading Down 3.7 %

Shares of VUZI stock traded down $0.05 during trading hours on Friday, reaching $1.31. The company's stock had a trading volume of 401,805 shares, compared to its average volume of 708,286. The stock has a market capitalization of $84.80 million, a P/E ratio of -1.66 and a beta of 1.86. Vuzix has a one year low of $1.10 and a one year high of $6.06. The firm's fifty day simple moving average is $1.38 and its 200 day simple moving average is $1.93.

Insider Activity at Vuzix

In other news, Director Timothy Heydenreich Harned purchased 20,000 shares of the company's stock in a transaction that occurred on Monday, April 22nd. The shares were bought at an average cost of $1.31 per share, for a total transaction of $26,200.00. Following the completion of the transaction, the director now directly owns 186,016 shares of the company's stock, valued at approximately $243,680.96. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have bought 42,000 shares of company stock worth $54,375 over the last ninety days. 8.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum cut their price objective on Vuzix from $3.50 to $3.00 and set a "buy" rating on the stock in a research report on Tuesday, April 16th.

About Vuzix

Vuzix Corporation, together with its subsidiaries, designs, manufactures, markets, and sells augmented reality (AR) wearable display and computing devices in North America, Europe, the Asia-Pacific, and internationally. It provides monocular smart glasses for enterprise, industrial, commercial, defense and security, and medical markets; Vuzix Z100, Vuzix Blade, and Vuzix Shield smart glasses; original equipment manufacturer waveguide optics and display engines; and Mobilium logistics mobility software, which removes traditional middleware, and supports various ERP systems and modern-day warehouse picking with wearable devices, as well as custom solutions and engineering solutions.