Vuzix Co. (NASDAQ:VUZI - Get Free Report) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $2.02 and traded as high as $3.00. Vuzix shares last traded at $2.92, with a volume of 4,425,869 shares traded.
Vuzix Trading Down 2.3%
The business's fifty day simple moving average is $2.04 and its 200 day simple moving average is $2.78. The stock has a market cap of $227.20 million, a price-to-earnings ratio of -2.40 and a beta of 1.69.
Vuzix (NASDAQ:VUZI - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported ($0.11) earnings per share for the quarter, topping analysts' consensus estimates of ($0.12) by $0.01. Vuzix had a negative net margin of 1,437.17% and a negative return on equity of 139.39%. The company had revenue of $1.58 million for the quarter, compared to analysts' expectations of $1.34 million.
Institutional Trading of Vuzix
Hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN lifted its position in Vuzix by 130.9% in the 4th quarter. Wells Fargo & Company MN now owns 7,056 shares of the company's stock valued at $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 about $39,000. Kellett Wealth Advisors LLC bought a new stake in shares of Vuzix in the fourth quarter valued at about $41,000. Root Financial Partners LLC bought a new stake in shares of Vuzix in the fourth quarter valued at about $41,000. Finally, Parallax Volatility Advisers L.P. boosted its position in shares of Vuzix by 89.3% during the fourth quarter. Parallax Volatility Advisers L.P. now owns 22,373 shares of the company's stock worth $88,000 after buying an additional 10,554 shares during the period. 35.87% of the stock is currently owned by institutional investors and hedge funds.
About Vuzix
(
Get 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.
Recommended Stories
Before you consider Vuzix, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Vuzix wasn't on the list.
While Vuzix currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
