Vuzix Corp. (VUZI) Upgraded 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 research report issued to clients and investors 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 reissued 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. Vuzix Corp. has a 52 week low of $4.30 and a 52 week high of $9.80. The company’s market cap is $131.04 million. The firm’s 50-day moving average is $8.64 and its 200-day moving average is $6.90.
Vuzix Corp. (NASDAQ:VUZI) last issued its quarterly earnings results on Monday, August 15th. The company reported ($0.28) EPS for the quarter, missing the 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%. On average, analysts expect that Vuzix Corp. will post ($0.99) EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in VUZI. Atria Investments LLC raised its position in Vuzix Corp. by 12.2% in the third quarter. Atria Investments LLC now owns 22,047 shares of the company’s stock valued at $195,000 after buying an additional 2,402 shares in the last quarter. Schwab Charles Investment Management Inc. purchased a new position in Vuzix Corp. during the second quarter valued at $269,000. PEAK6 Investments L.P. purchased a new position in Vuzix Corp. during the second quarter valued at $117,000. Vanguard Group Inc. raised 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 in the last quarter. Finally, First Eagle Investment Management LLC raised 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 in the last quarter. Institutional investors own 7.75% of the company’s stock.
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