Vuzix (VUZI) Shares Gap Down to $9.75

Vuzix Co. (NASDAQ:VUZI)’s share price gapped down before the market opened on Friday . The stock had previously closed at $9.60, but opened at $9.75. Vuzix shares last traded at $9.72, with a volume of 760870 shares traded.

A number of equities analysts have commented on VUZI shares. Chardan Capital set a $10.00 price objective on shares of Vuzix and gave the stock a “buy” rating in a research report on Tuesday, December 26th. Zacks Investment Research raised shares of Vuzix from a “sell” rating to a “hold” rating in a research report on Tuesday, December 19th. Finally, Craig Hallum started coverage on shares of Vuzix in a research report on Monday, January 8th. They set a “buy” rating for the company.

The firm has a market capitalization of $236.63, a PE ratio of -8.64 and a beta of 1.16.

Vuzix (NASDAQ:VUZI) last released its quarterly earnings data on Thursday, November 9th. The company reported ($0.28) EPS for the quarter. Vuzix had a negative return on equity of 134.55% and a negative net margin of 440.45%. sell-side analysts expect that Vuzix Co. will post -0.89 EPS for the current fiscal year.

In other Vuzix news, COO Paul A. Boris bought 5,000 shares of Vuzix stock in a transaction dated Tuesday, December 19th. The stock was bought at an average price of $5.74 per share, with a total value of $28,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edward William Jr. Kay bought 10,000 shares of Vuzix stock in a transaction dated Wednesday, November 15th. The stock was acquired at an average cost of $5.95 per share, with a total value of $59,500.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 17,500 shares of company stock valued at $103,225. Company insiders own 18.40% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. ETF Managers Group LLC bought a new stake in shares of Vuzix in the second quarter valued at about $236,000. GSA Capital Partners LLP boosted its position in shares of Vuzix by 261.3% in the second quarter. GSA Capital Partners LLP now owns 38,300 shares of the company’s stock valued at $251,000 after acquiring an additional 27,700 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Vuzix by 15.0% in the second quarter. Vanguard Group Inc. now owns 646,120 shares of the company’s stock valued at $4,232,000 after acquiring an additional 84,127 shares during the period. 8.13% of the stock is owned by institutional investors.

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Vuzix 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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