Vuzix Corporation (NASDAQ:VUZI) COO Paul A. Boris acquired 2,500 shares of the company’s stock in a transaction on Monday, October 23rd. The shares were purchased at an average cost of $5.05 per share, for a total transaction of $12,625.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of Vuzix Corporation (NASDAQ:VUZI) opened at 5.10 on Friday. The stock’s 50 day moving average is $5.62 and its 200 day moving average is $5.94. The firm’s market cap is $105.44 million. Vuzix Corporation has a 52 week low of $4.10 and a 52 week high of $8.70.
Vuzix Corporation (NASDAQ:VUZI) last announced its quarterly earnings data on Wednesday, August 9th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.01). Vuzix Corporation had a negative net margin of 524.82% and a negative return on equity of 143.10%. The business had revenue of $1.33 million for the quarter. On average, equities research analysts predict that Vuzix Corporation will post ($0.76) earnings per share for the current fiscal year.
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Large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp bought a new stake in shares of Vuzix Corporation during the 1st quarter valued at about $108,000. Carl Domino Inc grew its position in shares of Vuzix Corporation by 11.4% during the 2nd quarter. Carl Domino Inc now owns 39,000 shares of the company’s stock valued at $255,000 after buying an additional 4,000 shares during the last quarter. KCG Holdings Inc. bought a new stake in shares of Vuzix Corporation during the 1st quarter valued at about $243,000. GSA Capital Partners LLP grew its position in shares of Vuzix Corporation by 261.3% during the 2nd quarter. GSA Capital Partners LLP now owns 38,300 shares of the company’s stock valued at $251,000 after buying an additional 27,700 shares during the last quarter. Finally, ETF Managers Group LLC bought a new stake in shares of Vuzix Corporation during the 2nd quarter valued at about $236,000. 8.38% of the stock is owned by institutional investors and hedge funds.
Several brokerages have recently weighed in on VUZI. Zacks Investment Research upgraded shares of Vuzix Corporation from a “hold” rating to a “buy” rating and set a $7.75 target price for the company in a research note on Thursday, July 13th. Maxim Group set a $11.00 target price on shares of Vuzix Corporation and gave the stock a “buy” rating in a research note on Wednesday, August 2nd.
Vuzix Corporation Company Profile
Vuzix Corporation designs, manufactures, markets, and sells wearable display devices in the United States and internationally. The companys products are worn like eyeglasses that enable the user to view video and digital content, such as movies, computer data, the Internet, or video games. Its products include binocular wearable displays that contain two micro displays mounted in a frame attached to eyeglass-style temples or stereo headphones; monocular smart glasses products for the enterprise, industrial, and commercial markets, as well as video headphones; augmented reality products, which provide the user a live, direct or indirect, view of a physical, and real-world environment; and video viewing glasses as mobile displays for entertainment and gaming for on-the-go users, as well as support for stepping into virtual worlds, simulations, and virtual reality gaming.
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