Vuzix Corporation (NASDAQ:VUZI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

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, Maxim Group reaffirmed a “buy” rating and set a $11.00 price target on shares of Vuzix Corporation in a research report on Wednesday, September 6th.

Vuzix Corporation (NASDAQ VUZI) traded up $0.60 during trading hours on Friday, reaching $6.55. The company’s stock had a trading volume of 621,300 shares, compared to its average volume of 226,210. Vuzix Corporation has a 52-week low of $4.10 and a 52-week high of $8.70.

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In related news, Director Edward William Jr. Kay acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was bought at an average price of $5.95 per share, with a total value of $59,500.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Paul A. Boris acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, October 4th. The stock was bought at an average cost of $5.20 per share, with a total value of $26,000.00. The disclosure for this purchase can be found here. In the last three months, insiders bought 21,800 shares of company stock valued at $121,740. 18.40% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ETF Managers Group LLC acquired a new stake in shares of Vuzix Corporation in the 2nd quarter valued at approximately $236,000. Vanguard Group Inc. boosted its holdings in shares of Vuzix Corporation by 15.0% in the 2nd quarter. Vanguard Group Inc. now owns 646,120 shares of the company’s stock valued at $4,232,000 after buying an additional 84,127 shares during the last quarter. GSA Capital Partners LLP boosted its holdings 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 buying an additional 27,700 shares during the last quarter. Carl Domino Inc raised its stake in 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 acquiring an additional 4,000 shares during the period. Finally, KCG Holdings Inc. bought a new stake in Vuzix Corporation in the 1st quarter valued at $243,000. 8.37% of the stock is owned by 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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