Vuzix (NASDAQ:VUZI) Shares Cross Below 50-Day Moving Average – Should You Sell?

Vuzix Co. (NASDAQ:VUZI)’s share price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $1.13 and traded as low as $1.08. Vuzix shares last traded at $1.15, with a volume of 664,967 shares traded.

Analysts Set New Price Targets

Separately, Craig Hallum lowered their price objective on Vuzix from $3.00 to $2.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th.

Vuzix Stock Performance

The business has a 50-day moving average price of $1.13 and a 200-day moving average price of $1.23.

Vuzix (NASDAQ:VUZI) last announced its earnings results on Wednesday, August 14th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.52). Vuzix had a negative net margin of 1,285.06% and a negative return on equity of 114.41%. The business had revenue of $1.09 million for the quarter.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Mount Yale Investment Advisors LLC acquired a new position in Vuzix in the 1st quarter valued at $27,000. Quadrature Capital Ltd acquired a new stake in shares of Vuzix in the 1st quarter worth $28,000. Mcrae Capital Management Inc. acquired a new stake in shares of Vuzix in the 2nd quarter worth $31,000. XTX Topco Ltd acquired a new stake in shares of Vuzix in the 2nd quarter worth $32,000. Finally, Sei Investments Co. acquired a new stake in shares of Vuzix in the 2nd quarter worth $33,000. 35.87% of the stock is owned by institutional investors and hedge funds.

About Vuzix

Vuzix Corporation designs, manufactures, and markets smart glasses and augmented reality (AR) technologies and products for the enterprise, medical, defense, and consumer markets. The company’s products include head-mounted smart personal display and wearable computing devices that offer users a portable viewing experience, provide solutions for mobility, wearable displays, and augmented reality, as well as original equipment manufacturer waveguide optical components and display engines.