Shares of Vuzix Co. (NASDAQ:VUZI) have earned an average rating of “Buy” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $10.33.
A number of research firms have commented on VUZI. BTIG Research began coverage on Vuzix in a research report on Tuesday, February 16th. They set a “buy” rating for the company. Maxim Group upped their price target on Vuzix from $6.50 to $13.00 and gave the company a “buy” rating in a research report on Tuesday, January 19th. Finally, Zacks Investment Research lowered Vuzix from a “buy” rating to a “hold” rating and set a $10.00 price target for the company. in a research report on Friday, January 8th.
VUZI traded down $1.38 during midday trading on Tuesday, reaching $19.10. 158,317 shares of the company’s stock traded hands, compared to its average volume of 5,134,928. The firm has a fifty day moving average of $12.22 and a two-hundred day moving average of $6.60. The stock has a market capitalization of $938.00 million, a price-to-earnings ratio of -24.86 and a beta of 2.09. The company has a debt-to-equity ratio of 0.03, a current ratio of 8.15 and a quick ratio of 5.92. Vuzix has a 52 week low of $0.86 and a 52 week high of $24.44.
Several hedge funds have recently bought and sold shares of the business. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in shares of Vuzix in the 4th quarter worth approximately $7,842,000. Essex Investment Management Co. LLC purchased a new stake in shares of Vuzix in the 3rd quarter worth approximately $1,409,000. BlackRock Inc. grew its stake in shares of Vuzix by 34.8% in the 4th quarter. BlackRock Inc. now owns 809,285 shares of the company’s stock worth $7,348,000 after buying an additional 209,107 shares during the last quarter. Redmond Asset Management LLC purchased a new stake in shares of Vuzix in the 4th quarter worth approximately $806,000. Finally, Voloridge Investment Management LLC purchased a new stake in shares of Vuzix in the 4th quarter worth approximately $595,000. Hedge funds and other institutional investors own 12.43% of the company’s stock.
Vuzix Company Profile
Vuzix Corporation designs, manufactures, markets, and sells augmented reality (AR) wearable display and computing devices for consumer and enterprise markets. The company offers its products in the form of smart glasses and AR glasses. Its personal display and wearable computing devices offer users a portable viewing experience; provide solutions for mobility; wearable displays; and virtual and augmented reality.
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