Vuzix (NASDAQ:VUZI) Stock Rating Upgraded by Wall Street Zen

Vuzix (NASDAQ:VUZI) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Sunday.

Vuzix Stock Down 2.5%

Shares of Vuzix stock opened at $2.76 on Friday. The stock has a market capitalization of $221.16 million, a price-to-earnings ratio of -6.00 and a beta of 1.51. Vuzix has a twelve month low of $1.47 and a twelve month high of $4.29. The company has a 50-day simple moving average of $3.02 and a two-hundred day simple moving average of $2.86.

Insider Activity

In other news, insider Christopher Iain Parkinson sold 9,457 shares of the stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $2.92, for a total transaction of $27,614.44. Following the transaction, the insider owned 142,793 shares of the company’s stock, valued at $416,955.56. This represents a 6.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 8.30% of the company’s stock.

Institutional Trading of Vuzix

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jump Financial LLC bought a new stake in Vuzix in the second quarter valued at approximately $31,000. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Vuzix in the second quarter worth $32,000. Quantbot Technologies LP purchased a new position in shares of Vuzix in the third quarter worth $36,000. State of Wyoming bought a new stake in Vuzix during the 4th quarter valued at $38,000. Finally, Insigneo Advisory Services LLC purchased a new stake in Vuzix during the 4th quarter valued at $41,000. 35.87% of the stock is owned by institutional investors.

Vuzix Company Profile

Vuzix Corporation (NASDAQ: VUZI) is a technology company specializing in the design, development and manufacture of wearable display devices and smart glasses. Headquartered in Rochester, New York, Vuzix focuses on next-generation augmented reality (AR) and virtual reality (VR) solutions that enable hands-free access to video, data and applications. Its products integrate high-resolution optics, onboard sensors and wireless connectivity to support immersive visual experiences for professional and consumer use.

Vuzix’s product portfolio includes smart glasses and head-mounted displays such as the Vuzix Blade series and the M400 family.