Vuzix Corp. (VUZI) Lifted to “Hold” at Zacks Investment Research
Vuzix Corp. (NASDAQ:VUZI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday.
According to Zacks, “Vuzix Corporation designs, manufactures, and sells display devices that are worn like eyeglasses and feature built-in video screens that enable the user to view video and digital content, such as movies, computer data, the Internet or video games. It produces both monocular and binocular Video Eyewear devices. The Company focuses on consumer markets for gaming and mobile video and on rugged mobile displays for defence and industrial applications. Vuzix Corporation is based in Rochester, New York. “
Separately, Chardan Capital reiterated a “buy” rating on shares of Vuzix Corp. in a research report on Wednesday, August 17th.
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Vuzix Corp. (NASDAQ:VUZI) opened at 7.55 on Wednesday. The company’s market cap is $131.04 million. The stock has a 50 day moving average price of $8.64 and a 200 day moving average price of $6.90. Vuzix Corp. has a 1-year low of $4.30 and a 1-year high of $9.80.
Vuzix Corp. (NASDAQ:VUZI) last announced its quarterly earnings data on Monday, August 15th. The company reported ($0.28) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.19) by $0.09. Vuzix Corp. had a negative return on equity of 91.98% and a negative net margin of 536.46%. Equities analysts forecast that Vuzix Corp. will post ($0.99) earnings per share for the current year.
Several institutional investors have recently bought and sold shares of VUZI. PEAK6 Investments L.P. bought a new position in Vuzix Corp. during the second quarter valued at approximately $117,000. Atria Investments LLC bought a new position in Vuzix Corp. during the second quarter valued at approximately $124,000. Schwab Charles Investment Management Inc. bought a new position in Vuzix Corp. during the second quarter valued at approximately $269,000. First Eagle Investment Management LLC increased its position in Vuzix Corp. by 55.6% in the second quarter. First Eagle Investment Management LLC now owns 69,933 shares of the company’s stock valued at $528,000 after buying an additional 25,000 shares during the period. Finally, Vanguard Group Inc. increased its position in Vuzix Corp. by 8.1% in the second quarter. Vanguard Group Inc. now owns 427,756 shares of the company’s stock valued at $3,229,000 after buying an additional 32,172 shares during the period. Institutional investors and hedge funds own 7.75% of the company’s stock.
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