Vuzix (NASDAQ:VUZI) Stock Passes Above 50 Day Moving Average of $1.39

Vuzix Co. (NASDAQ:VUZI) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $1.39 and traded as high as $1.45. Vuzix shares last traded at $1.42, with a volume of 485,305 shares.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum dropped their price objective on shares of Vuzix from $3.50 to $3.00 and set a “buy” rating for the company in a report on Tuesday, April 16th.

Vuzix Stock Down 7.5 %

The business has a 50-day simple moving average of $1.40 and a 200-day simple moving average of $1.58. The company has a market cap of $87.39 million, a PE ratio of -1.71 and a beta of 1.83.

Vuzix (NASDAQ:VUZI) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.16) EPS for the quarter. Vuzix had a negative net margin of 502.48% and a negative return on equity of 56.58%. The business had revenue of $2.00 million during the quarter. During the same period last year, the firm posted ($0.16) earnings per share.

Insider Transactions at Vuzix

In other Vuzix news, Director Timothy Heydenreich Harned bought 20,000 shares of the business’s stock in a transaction dated Monday, April 22nd. The shares were acquired at an average price of $1.31 per share, with a total value of $26,200.00. Following the transaction, the director now owns 186,016 shares of the company’s stock, valued at $243,680.96. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In the last ninety days, insiders acquired 42,000 shares of company stock valued at $54,375. 8.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Vuzix

A number of large investors have recently made changes to their positions in VUZI. Mount Yale Investment Advisors LLC purchased a new stake in Vuzix in the 1st quarter valued at $27,000. Keel Point LLC purchased a new stake in shares of Vuzix in the fourth quarter valued at about $27,000. Quadrature Capital Ltd purchased a new position in shares of Vuzix during the first quarter worth about $28,000. KLCM Advisors Inc. grew its holdings in shares of Vuzix by 35.9% during the fourth quarter. KLCM Advisors Inc. now owns 30,300 shares of the company’s stock worth $63,000 after buying an additional 8,000 shares during the last quarter. Finally, International Assets Investment Management LLC increased its position in Vuzix by 108.5% in the 4th quarter. International Assets Investment Management LLC now owns 33,047 shares of the company’s stock valued at $69,000 after acquiring an additional 17,197 shares during the period. 35.87% of the stock is owned by institutional investors and hedge funds.

About Vuzix

Vuzix Corporation, together with its subsidiaries, designs, manufactures, markets, and sells augmented reality (AR) wearable display and computing devices in North America, Europe, the Asia-Pacific, and internationally. It provides monocular smart glasses for enterprise, industrial, commercial, defense and security, and medical markets; Vuzix Z100, Vuzix Blade, and Vuzix Shield smart glasses; original equipment manufacturer waveguide optics and display engines; and Mobilium logistics mobility software, which removes traditional middleware, and supports various ERP systems and modern-day warehouse picking with wearable devices, as well as custom solutions and engineering solutions.