Vuzix (NASDAQ:VUZI) Stock Price Up 5.4%

Vuzix Corp (NASDAQ:VUZI)’s share price rose 5.4% on Tuesday . The stock traded as high as $3.58 and last traded at $3.11. Approximately 39,591 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 302,829 shares. The stock had previously closed at $2.95.

VUZI has been the topic of several research analyst reports. Zacks Investment Research raised Vuzix from a “hold” rating to a “buy” rating and set a $4.25 price objective on the stock in a research note on Friday, March 22nd. Chardan Capital set a $10.00 price objective on Vuzix and gave the company a “buy” rating in a research note on Friday, May 10th.

The company has a market cap of $74.29 million, a price-to-earnings ratio of -4.06 and a beta of 0.69. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.50 and a quick ratio of 3.23.

Vuzix (NASDAQ:VUZI) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.05). The firm had revenue of $1.37 million during the quarter. Vuzix had a negative net margin of 288.62% and a negative return on equity of 68.94%. Research analysts predict that Vuzix Corp will post -0.69 EPS for the current year.

Large investors have recently made changes to their positions in the stock. B. Riley Wealth Management Inc. purchased a new stake in shares of Vuzix during the 1st quarter valued at about $35,000. Advisor Group Inc. raised its holdings in shares of Vuzix by 486.5% during the 1st quarter. Advisor Group Inc. now owns 13,988 shares of the company’s stock valued at $43,000 after buying an additional 11,603 shares during the period. Bank of America Corp DE raised its holdings in shares of 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 during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in shares of Vuzix during the 4th quarter valued at about $120,000. Finally, Rhumbline Advisers raised its holdings in shares of Vuzix by 51.3% during the 4th quarter. Rhumbline Advisers now owns 29,595 shares of the company’s stock valued at $142,000 after buying an additional 10,029 shares during the period. Institutional investors and hedge funds own 22.05% of the company’s stock.

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Vuzix Company Profile (NASDAQ:VUZI)

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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