Vuzix Co. (NASDAQ:VUZI) shares saw unusually-high trading volume on Tuesday . Approximately 1,092,897 shares changed hands during trading, an increase of 350% from the previous session’s volume of 243,118 shares.The stock last traded at $6.20 and had previously closed at $5.90.
VUZI has been the topic of several analyst reports. Zacks Investment Research raised shares of Vuzix from a “hold” rating to a “buy” rating and set a $7.00 price target on the stock in a research report on Thursday, September 14th. Maxim Group reaffirmed a “buy” rating and set a $11.00 price target on shares of Vuzix in a research report on Wednesday, September 6th. Finally, Chardan Capital set a $10.00 price target on shares of Vuzix and gave the company a “buy” rating in a research report on Tuesday.
The company has a market capitalization of $143.19, a PE ratio of -5.68 and a beta of 1.15.
A number of hedge funds and other institutional investors have recently made changes to their positions in VUZI. GSA Capital Partners LLP grew its stake 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 worth $251,000 after acquiring an additional 27,700 shares in the last quarter. ETF Managers Group LLC acquired a new position in shares of Vuzix during the second quarter worth $236,000. Finally, Vanguard Group Inc. grew its stake in shares of Vuzix by 15.0% during the second quarter. Vanguard Group Inc. now owns 646,120 shares of the company’s stock worth $4,232,000 after purchasing an additional 84,127 shares in the last quarter. 7.92% of the stock is currently owned by institutional investors.
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Vuzix Corporation designs, manufactures, markets, and sells wearable display devices in the United States and internationally. The companys 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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