Vuzix Co. (NASDAQ:VUZI – Get Rating)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $5.66 and traded as high as $7.20. Vuzix shares last traded at $7.16, with a volume of 1,440,081 shares traded.
Separately, Craig Hallum dropped their price objective on shares of Vuzix from $30.00 to $11.00 in a research report on Wednesday, March 2nd.
The company has a market capitalization of $455.86 million, a price-to-earnings ratio of -10.23 and a beta of 2.39. The stock’s fifty day simple moving average is $5.66 and its two-hundred day simple moving average is $6.62.
A number of hedge funds have recently made changes to their positions in the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Vuzix by 34.6% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 822,069 shares of the company’s stock worth $7,407,000 after purchasing an additional 211,336 shares during the last quarter. Guggenheim Capital LLC bought a new stake in shares of Vuzix during the 3rd quarter valued at $1,808,000. Essex Investment Management Co. LLC lifted its position in shares of Vuzix by 102.2% during the 4th quarter. Essex Investment Management Co. LLC now owns 301,096 shares of the company’s stock worth $2,611,000 after buying an additional 152,175 shares during the last quarter. AlphaCentric Advisors LLC acquired a new position in Vuzix in the 4th quarter worth about $1,301,000. Finally, Two Sigma Advisers LP increased its stake in shares of Vuzix by 413.1% in the third quarter. Two Sigma Advisers LP now owns 157,518 shares of the company’s stock valued at $1,648,000 after buying an additional 126,818 shares during the period. Hedge funds and other institutional investors own 42.83% of the company’s stock.
Vuzix Company Profile (NASDAQ:VUZI)
Vuzix Corporation, together with its subsidiaries, designs, manufactures, markets, and sells augmented reality (AR) wearable display and computing devices for consumer and enterprise markets in North America, the Asia-Pacific, Europe, and internationally. It provides M300XL, M400, and M4000 series of smart glasses for enterprise, industrial, commercial, and medical markets; Vuzix Blade smart glasses; waveguide optics and related coupling optics; and Vuzix Shield smart glasses, as well as custom and engineering solutions.
- Get a free copy of the StockNews.com research report on Vuzix (VUZI)
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