Vuzix (NASDAQ:VUZI - Free Report) had its price objective decreased by Craig Hallum from $3.50 to $3.00 in a report issued on Tuesday morning, Benzinga reports. Craig Hallum currently has a buy rating on the stock.
Vuzix Stock Down 2.8 %
Vuzix stock traded down $0.03 during midday trading on Tuesday, hitting $1.20. The company's stock had a trading volume of 1,174,634 shares, compared to its average volume of 724,821. The stock's 50-day moving average price is $1.47 and its 200-day moving average price is $2.12. The company has a market capitalization of $77.34 million, a PE ratio of -1.87 and a beta of 1.86. Vuzix has a 12 month low of $1.10 and a 12 month high of $6.06.
Institutional Trading of Vuzix
Large investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. grew its position in Vuzix by 23.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 17,484 shares of the company's stock worth $115,000 after acquiring an additional 3,339 shares during the last quarter. Swiss National Bank grew its holdings in shares of Vuzix by 7.9% in the first quarter. Swiss National Bank now owns 142,900 shares of the company's stock valued at $943,000 after acquiring an additional 10,500 shares in the last quarter. Principal Financial Group Inc. bought a new position in Vuzix during the first quarter valued at $71,000. JPMorgan Chase & Co. lifted its position in shares of Vuzix by 9.2% during the first quarter. JPMorgan Chase & Co. now owns 68,121 shares of the company's stock worth $450,000 after acquiring an additional 5,716 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its position in shares of Vuzix by 22.3% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 20,155 shares of the company's stock worth $133,000 after acquiring an additional 3,679 shares in the last quarter. Institutional investors own 35.87% of the company's stock.
About Vuzix
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Vuzix Corporation, together with its subsidiaries, designs, manufactures, markets, and sells augmented reality (AR) wearable display and computing devices for consumer and enterprise markets in North America, Europe, the Asia-Pacific, and internationally. It provides M400, and M4000 series of smart glasses for enterprise, industrial, commercial, and medical markets; Vuzix Blade smart glasses; waveguide optics and related coupling optics; Vuzix Shield smart glasses; Vuzix Ultralite smart glasses; and Mobilium logistics mobility software, which removes traditional middleware and supports various ERP systems, as well as custom and engineering solutions.
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