Vuzix (NASDAQ:VUZI) Stock Crosses Above 50-Day Moving Average - Time to Sell?

Vuzix Corporation (NASDAQ:VUZI - Get Free Report) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $2.65 and traded as high as $2.77. Vuzix shares last traded at $2.62, with a volume of 1,361,441 shares.

Vuzix Stock Down 1.1%

The firm has a 50 day moving average price of $2.65 and a 200 day moving average price of $2.90. The stock has a market capitalization of $197.46 million, a PE ratio of -2.51 and a beta of 1.63.

Vuzix (NASDAQ:VUZI - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.01. Vuzix had a negative return on equity of 198.84% and a negative net margin of 1,352.74%. The business had revenue of $1.58 million for the quarter, compared to analysts' expectations of $1.34 million.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Millennium Management LLC raised its holdings in Vuzix by 278.1% during the 1st 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 during the period. Geode Capital Management LLC lifted its holdings in Vuzix by 7.8% during the 4th quarter. Geode Capital Management LLC now owns 725,827 shares of the company's stock worth $2,860,000 after purchasing an additional 52,365 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Vuzix by 59.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 433,900 shares of the company's stock worth $885,000 after purchasing an additional 162,229 shares during the period. Vident Advisory LLC purchased a new position in Vuzix during the 1st quarter valued at about $435,000. Finally, Northern Trust Corp grew its holdings in Vuzix by 40.9% during the 4th quarter. Northern Trust Corp now owns 180,528 shares of the company's stock valued at $711,000 after buying an additional 52,416 shares in the last quarter. Hedge funds and other institutional investors own 35.87% of the company's stock.

Vuzix Company Profile

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.