Vuzix Corporation (NASDAQ:VUZI) COO Paul A. Boris bought 2,500 shares of the firm’s stock in a transaction that occurred on Monday, October 23rd. The shares were purchased at an average cost of $5.05 per share, with a total value of $12,625.00. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Vuzix Corporation (NASDAQ VUZI) traded up 4.95% during midday trading on Tuesday, hitting $5.30. The company had a trading volume of 83,943 shares. The company’s market cap is $109.57 million. The firm has a 50-day moving average price of $5.65 and a 200-day moving average price of $5.95. Vuzix Corporation has a 12 month low of $4.10 and a 12 month high of $8.70.

Vuzix Corporation (NASDAQ:VUZI) last announced its earnings results on Wednesday, August 9th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.01). The firm had revenue of $1.33 million during the quarter. Vuzix Corporation had a negative net margin of 524.82% and a negative return on equity of 143.10%. Equities analysts anticipate that Vuzix Corporation will post ($0.76) EPS for the current year.

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A number of research firms recently commented on VUZI. Zacks Investment Research raised Vuzix Corporation from a “hold” rating to a “buy” rating and set a $7.75 target price for the company in a report on Thursday, July 13th. Maxim Group set a $11.00 target price on Vuzix Corporation and gave the stock a “buy” rating in a report on Wednesday, August 2nd.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Carl Domino Inc boosted its position in shares of Vuzix Corporation by 11.4% in the 2nd quarter. Carl Domino Inc now owns 39,000 shares of the company’s stock valued at $255,000 after purchasing an additional 4,000 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Vuzix Corporation in the 1st quarter valued at about $108,000. GSA Capital Partners LLP boosted its position in shares of Vuzix Corporation by 261.3% in the 2nd quarter. GSA Capital Partners LLP now owns 38,300 shares of the company’s stock valued at $251,000 after purchasing an additional 27,700 shares during the period. ETF Managers Group LLC acquired a new stake in shares of Vuzix Corporation in the 2nd quarter valued at about $236,000. Finally, KCG Holdings Inc. acquired a new stake in shares of Vuzix Corporation in the 1st quarter valued at about $243,000. 8.38% of the stock is owned by hedge funds and other institutional investors.

Vuzix Corporation Company Profile

Vuzix Corporation designs, manufactures, markets, and sells wearable display devices in the United States and internationally. The company’s products are worn like eyeglasses that enable the user to view video and digital content, such as movies, computer data, the Internet, or video games. Its products include binocular wearable displays that contain two micro displays mounted in a frame attached to eyeglass-style temples or stereo headphones; monocular smart glasses products for the enterprise, industrial, and commercial markets, as well as video headphones; augmented reality products, which provide the user a live, direct or indirect, view of a physical, and real-world environment; and video viewing glasses as mobile displays for entertainment and gaming for on-the-go users, as well as support for stepping into virtual worlds, simulations, and virtual reality gaming.

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