Vuzix Co. (NASDAQ:VUZI) COO Paul A. Boris purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, December 19th. The shares were bought at an average price of $5.74 per share, with a total value of $28,700.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Vuzix Co. (NASDAQ:VUZI) opened at $8.55 on Friday. Vuzix Co. has a 52 week low of $4.10 and a 52 week high of $9.55. The stock has a market capitalization of $194.16, a PE ratio of -7.77 and a beta of 1.16.
A number of brokerages have recently weighed in on VUZI. Zacks Investment Research upgraded Vuzix from a “sell” rating to a “hold” rating in a research report on Tuesday, December 19th. Chardan Capital set a $10.00 price objective on Vuzix and gave the company a “buy” rating in a research note on Tuesday, December 26th. Finally, Craig Hallum assumed coverage on Vuzix in a research note on Monday, January 8th. They set a “buy” rating on the stock.
A number of large investors have recently modified their holdings of VUZI. GSA Capital Partners LLP boosted its stake in Vuzix by 261.3% in the 2nd quarter. GSA Capital Partners LLP now owns 38,300 shares of the company’s stock worth $251,000 after buying an additional 27,700 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Vuzix by 15.0% in the 2nd quarter. Vanguard Group Inc. now owns 646,120 shares of the company’s stock valued at $4,232,000 after purchasing an additional 84,127 shares in the last quarter. Finally, ETF Managers Group LLC acquired a new position in shares of Vuzix in the 2nd quarter valued at about $236,000. 7.92% of the stock is currently owned by hedge funds and other institutional investors.
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Vuzix 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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