SeaCrest Wealth Management LLC bought a new position in Vuzix Corp (NASDAQ:VUZI) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 22,550 shares of the company’s stock, valued at approximately $92,000. SeaCrest Wealth Management LLC owned approximately 0.08% of Vuzix at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Taylor Frigon Capital Management LLC grew its holdings in Vuzix by 16.2% during the 2nd quarter. Taylor Frigon Capital Management LLC now owns 547,746 shares of the company’s stock valued at $2,240,000 after buying an additional 76,320 shares in the last quarter. Geode Capital Management LLC grew its holdings in Vuzix by 4.9% during the 4th quarter. Geode Capital Management LLC now owns 252,865 shares of the company’s stock valued at $1,216,000 after buying an additional 11,775 shares in the last quarter. Bank of Montreal Can grew its holdings in Vuzix by 16,307.6% during the 1st quarter. Bank of Montreal Can now owns 54,309 shares of the company’s stock valued at $166,000 after buying an additional 53,978 shares in the last quarter. Bank of America Corp DE grew its holdings in Vuzix by 59.9% during the 4th quarter. Bank of America Corp DE now owns 23,417 shares of the company’s stock valued at $112,000 after buying an additional 8,773 shares in the last quarter. Finally, B. Riley Wealth Management Inc. purchased a new stake in Vuzix during the 1st quarter valued at approximately $35,000. 22.26% of the stock is owned by institutional investors.
Shares of NASDAQ VUZI traded up $0.06 during midday trading on Friday, reaching $2.00. 480,955 shares of the stock traded hands, compared to its average volume of 790,876. The company has a quick ratio of 3.23, a current ratio of 5.50 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $53.55 million, a PE ratio of -2.35 and a beta of 1.46. Vuzix Corp has a one year low of $1.77 and a one year high of $7.35. The stock has a 50 day moving average of $3.14.
Vuzix (NASDAQ:VUZI) last posted its earnings results on Thursday, May 9th. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.05). The firm had revenue of $1.37 million for the quarter. Vuzix had a negative net margin of 288.62% and a negative return on equity of 68.94%. On average, equities research analysts forecast that Vuzix Corp will post -0.69 earnings per share for the current fiscal year.
VUZI has been the subject of a number of research analyst reports. ValuEngine raised shares of Vuzix from a “hold” rating to a “buy” rating in a report on Thursday. Chardan Capital reaffirmed a “buy” rating and set a $10.00 price objective on shares of Vuzix in a report on Tuesday, July 2nd. Finally, Zacks Investment Research raised shares of Vuzix from a “sell” rating to a “hold” rating in a report on Sunday, July 14th.
Vuzix Corporation designs, manufactures, markets, and sells augmented reality (AR) wearable display devices in North America, the Asia-Pacific, Europe, and internationally. The company offers its products in the form of smart glasses and AR glasses. Its products include monocular smart glasses for enterprise, industrial, commercial, and medical markets; and blade smart sunglasses for applications ranging from basic text messaging and answering the phone to overlaying mapping directions, menus, weather, events, stock quotes, video conferencing, sports updates, social feeds, bio-metrics, and others.
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