Vuzix Co. (NASDAQ:VUZI - Get Free Report) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-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 Price Performance
The company has a market cap of $227.20 million, a PE ratio of -2.40 and a beta of 1.69. The company has a 50-day moving average of $2.06 and a 200 day moving average of $2.82.
Vuzix (NASDAQ:VUZI - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.01. The business had revenue of $1.58 million during the quarter, compared to the consensus estimate of $1.34 million. Vuzix had a negative net margin of 1,437.17% and a negative return on equity of 139.39%.
Institutional Trading of Vuzix
Several institutional investors and hedge funds have recently modified their holdings of the stock. Millennium Management LLC raised its stake in shares of Vuzix by 278.1% during the first quarter. Millennium Management LLC now owns 1,911,972 shares of the company's stock valued at $3,900,000 after acquiring an additional 1,406,234 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Vuzix by 7.8% during the fourth quarter. Geode Capital Management LLC now owns 725,827 shares of the company's stock valued at $2,860,000 after acquiring an additional 52,365 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Vuzix by 59.7% during the first quarter. Goldman Sachs Group Inc. now owns 433,900 shares of the company's stock valued at $885,000 after buying an additional 162,229 shares during the period. MFG Wealth Management Inc. purchased a new position in Vuzix during the fourth quarter valued at approximately $1,075,000. Finally, Vident Advisory LLC purchased a new position in Vuzix during the first quarter valued at approximately $435,000. Institutional investors own 35.87% of the company's stock.
Vuzix Company Profile
(
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.
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