Vuzix (NASDAQ:VUZI - Get Free Report) issued its quarterly earnings results on Monday. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.01, Zacks reports. The business had revenue of $1.58 million for the quarter, compared to analyst estimates of $1.34 million. Vuzix had a negative return on equity of 139.39% and a negative net margin of 1,437.17%.
Vuzix Stock Performance
NASDAQ:VUZI traded down $0.07 on Friday, hitting $2.56. 2,028,304 shares of the stock were exchanged, compared to its average volume of 1,518,703. Vuzix has a 52 week low of $0.83 and a 52 week high of $5.79. The stock has a market capitalization of $195.18 million, a price-to-earnings ratio of -2.06 and a beta of 1.69. The company's 50-day moving average price is $1.99 and its 200 day moving average price is $2.70.
Institutional Investors Weigh In On Vuzix
A hedge fund recently raised its stake in Vuzix stock. Goldman Sachs Group Inc. raised its holdings in Vuzix Co. (NASDAQ:VUZI - Free Report) by 59.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 433,900 shares of the company's stock after acquiring an additional 162,229 shares during the quarter. Goldman Sachs Group Inc. owned about 0.57% of Vuzix worth $885,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 35.87% of the company's stock.
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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