Vuzix Corp (NASDAQ:VUZI) rose 5.4% on Tuesday . The company traded as high as $3.58 and last traded at $3.11. Approximately 39,591 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 302,829 shares. The stock had previously closed at $2.95.
VUZI has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Vuzix from a “hold” rating to a “buy” rating and set a $4.25 target price for the company in a research report on Friday, March 22nd. Chardan Capital set a $10.00 target price on Vuzix and gave the stock a “buy” rating in a research report on Friday, May 10th.
The company has a quick ratio of 3.23, a current ratio of 5.50 and a debt-to-equity ratio of 0.01.
Vuzix (NASDAQ:VUZI) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by ($0.05). The company had revenue of $1.37 million during the quarter. Vuzix had a negative net margin of 288.62% and a negative return on equity of 68.94%. As a group, sell-side analysts forecast that Vuzix Corp will post -0.69 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of VUZI. B. Riley Wealth Management Inc. acquired a new position in Vuzix during the 1st quarter worth approximately $35,000. Renaissance Technologies LLC acquired a new position in Vuzix during the 1st quarter worth approximately $108,000. Dimensional Fund Advisors LP increased its position in Vuzix by 24.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 38,053 shares of the company’s stock worth $116,000 after purchasing an additional 7,538 shares in the last quarter. Advisor Group Inc. increased its position in Vuzix by 486.5% during the 1st quarter. Advisor Group Inc. now owns 13,988 shares of the company’s stock worth $43,000 after purchasing an additional 11,603 shares in the last quarter. Finally, Parametric Portfolio Associates LLC acquired a new position in Vuzix during the 1st quarter worth approximately $204,000. 22.05% of the stock is currently owned by institutional investors.
Vuzix Company Profile (NASDAQ:VUZI)
Vuzix Corporation designs, manufactures, markets, and sells augmented reality (AR) wearable display devices in North America, the Asia-Pacific, Europe, and internationally. The company offers its products in the form of smart glasses and AR glasses. Its products include monocular smart glasses for enterprise, industrial, commercial, and medical markets; and blade smart sunglasses for applications ranging from basic text messaging and answering the phone to overlaying mapping directions, menus, weather, events, stock quotes, video conferencing, sports updates, social feeds, bio-metrics, and others.
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