Vuzix (VUZI) Now Covered by Craig Hallum

Research analysts at Craig Hallum began coverage on shares of Vuzix (NASDAQ:VUZI) in a research note issued to investors on Monday, The Fly reports. The firm set a “buy” rating on the stock.

Several other equities analysts have also recently issued reports on VUZI. Zacks Investment Research cut shares of Vuzix from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. 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, December 26th.

Shares of Vuzix (NASDAQ:VUZI) traded up $0.15 during midday trading on Monday, hitting $8.75. 1,706,100 shares of the company traded hands, compared to its average volume of 1,701,300. Vuzix has a one year low of $4.10 and a one year high of $9.55. The stock has a market capitalization of $212.36, a PE ratio of -7.95 and a beta of 1.16.

In other Vuzix news, COO Paul A. Boris acquired 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The shares were acquired at an average price of $5.74 per share, with a total value of $28,700.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Edward William Jr. Kay acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were acquired at an average cost of $5.95 per share, for a total transaction of $59,500.00. The disclosure for this purchase can be found here. Insiders have purchased 22,000 shares of company stock worth $126,930 in the last three months. 18.40% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the stock. ETF Managers Group LLC bought a new stake in Vuzix during the second quarter worth about $236,000. GSA Capital Partners LLP boosted its stake in Vuzix by 261.3% during 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. Finally, Vanguard Group Inc. lifted its stake in shares of Vuzix by 15.0% in the second quarter. Vanguard Group Inc. now owns 646,120 shares of the company’s stock worth $4,232,000 after buying an additional 84,127 shares in the last quarter. 7.92% of the stock is currently owned by institutional investors and hedge funds.

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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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