Vuzix's (VUZI) "Sell (E+)" Rating Reiterated at Weiss Ratings

Key Points

• Vuzix's stock has been reiterated with a "sell (E+)" rating by Weiss Ratings, indicating ongoing concerns about the company's financial performance.
• Despite the negative outlook from Weiss, Craig Hallum has reaffirmed a "buy" rating, reflecting mixed analyst sentiments with one buy and one sell rating issued.
• The company's recent earnings report showed a loss of $0.10 EPS, which was better than analyst expectations, but revenues fell short at $1.30 million against an anticipated $1.63 million.

Vuzix (NASDAQ:VUZI - Get Free Report)'s stock had its "sell (e+)" rating restated by research analysts at Weiss Ratings in a report released on Friday,Weiss Ratings reports.

Separately, Craig Hallum reaffirmed a "buy" rating on shares of Vuzix in a research report on Wednesday, October 1st. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold".

Vuzix Stock Performance

Shares of VUZI traded up $0.05 on Friday, reaching $3.66. The stock had a trading volume of 1,514,018 shares, compared to its average volume of 1,971,168. The firm has a market capitalization of $293.97 million, a price-to-earnings ratio of -7.18 and a beta of 1.69. The company has a 50-day simple moving average of $2.90 and a 200-day simple moving average of $2.55. Vuzix has a 12-month low of $0.85 and a 12-month high of $5.79.

Vuzix (NASDAQ:VUZI - Get Free Report) last released its earnings results on Thursday, August 14th. The company reported ($0.10) EPS for the quarter, beating analysts' consensus estimates of ($0.12) by $0.02. The company had revenue of $1.30 million during the quarter, compared to analysts' expectations of $1.63 million. Vuzix had a negative return on equity of 113.11% and a negative net margin of 707.90%.

Institutional Trading of Vuzix

A number of institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC increased its holdings in shares of Vuzix by 5.1% in the 3rd quarter. SG Americas Securities LLC now owns 75,793 shares of the company's stock worth $237,000 after purchasing an additional 3,680 shares in the last quarter. Jump Financial LLC bought a new stake in shares of Vuzix in the 2nd quarter worth $31,000. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Vuzix in the 2nd quarter worth $32,000. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Vuzix in the 2nd quarter worth $44,000. Finally, American Century Companies Inc. bought a new stake in shares of Vuzix in the 1st quarter worth $35,000. Institutional investors own 35.87% of the company's stock.

About Vuzix

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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