Vuzix Corporation (NASDAQ:VUZI - Get Free Report)'s share price 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 changing hands.
Vuzix Stock Performance
The stock's 50-day simple moving average is $2.69 and its 200-day simple moving average is $2.87. The firm has a market capitalization of $183.74 million, a PE ratio of -2.34 and a beta of 1.63.
Vuzix (NASDAQ:VUZI - Get Free Report) last released its 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. The firm had revenue of $1.58 million for the quarter, compared to the consensus estimate of $1.34 million. Vuzix had a negative net margin of 1,352.74% and a negative return on equity of 198.84%.
Institutional Trading of Vuzix
Hedge funds and other institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN grew its position in shares of Vuzix by 130.9% in the 4th quarter. Wells Fargo & Company MN now owns 7,056 shares of the company's stock worth $28,000 after buying an additional 4,000 shares during the period. American Century Companies Inc. purchased a new stake in shares of Vuzix in the 1st quarter worth about $35,000. ExodusPoint Capital Management LP bought a new position in Vuzix in the 4th quarter worth about $50,000. Tudor Investment Corp ET AL bought a new position in Vuzix in the 4th quarter worth about $61,000. Finally, Laidlaw Wealth Management LLC bought a new position in Vuzix in the 1st quarter worth about $70,000. 35.87% of the stock is owned by hedge funds and other institutional investors.
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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