Vuzix (VUZI) Getting Somewhat Positive Press Coverage, Analysis Finds

Media coverage about Vuzix (NASDAQ:VUZI) has trended somewhat positive recently, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Vuzix earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.5971958489171 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the media stories that may have effected Accern’s scoring:

Shares of Vuzix (NASDAQ VUZI) traded up $0.20 during trading on Friday, reaching $6.75. The company had a trading volume of 276,026 shares, compared to its average volume of 348,985. Vuzix has a 1-year low of $4.10 and a 1-year high of $7.80.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research lowered Vuzix from a “buy” rating to a “hold” rating in a research report on Thursday, September 28th. Maxim Group reaffirmed a “buy” rating and set a $11.00 target price on shares of Vuzix in a research report on Wednesday, September 6th.

In related news, Director Edward William Jr. Kay purchased 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was acquired at an average price of $5.95 per share, for a total transaction of $59,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Paul A. Boris purchased 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 4th. The shares were bought at an average price of $5.20 per share, with a total value of $26,000.00. The disclosure for this purchase can be found here. Insiders have purchased 21,800 shares of company stock valued at $121,740 in the last quarter. 18.40% of the stock is currently owned by corporate insiders.

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About Vuzix

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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