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 reiterated a “buy” rating on shares of Vuzix Corp. in a research note on Wednesday, August 17th.
Vuzix Corp. (NASDAQ:VUZI) opened at 7.55 on Wednesday. Vuzix Corp. has a one year low of $4.30 and a one year high of $9.80. The company has a 50-day moving average price of $8.64 and a 200-day moving average price of $6.90. The company’s market capitalization is $131.04 million.
Vuzix Corp. (NASDAQ:VUZI) last released its earnings results on Monday, August 15th. The company reported ($0.28) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by $0.09. Vuzix Corp. had a negative net margin of 536.46% and a negative return on equity of 91.98%. Equities research analysts anticipate that Vuzix Corp. will post ($0.99) EPS for the current year.
Several large investors have recently added to or reduced their stakes in VUZI. First Eagle Investment Management LLC boosted its stake 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 during the last quarter. Atria Investments LLC acquired a new position in shares of Vuzix Corp. during the second quarter worth approximately $124,000. Schwab Charles Investment Management Inc. acquired a new position in shares of Vuzix Corp. during the second quarter worth approximately $269,000. PEAK6 Investments L.P. acquired a new position in shares of Vuzix Corp. during the second quarter worth approximately $117,000. Finally, Vanguard Group Inc. boosted its position in shares of Vuzix Corp. by 8.1% in the second quarter. Vanguard Group Inc. now owns 427,756 shares of the company’s stock worth $3,229,000 after buying an additional 32,172 shares in the last quarter. Institutional investors and hedge funds own 7.75% of the company’s stock.
Receive News & Stock Ratings for Vuzix Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vuzix Corp. and related stocks with our FREE daily email newsletter.