Vuzix Co. (NASDAQ:VUZI)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $6.05, but opened at $7.65. Vuzix shares last traded at $8.60, with a volume of 4116900 shares traded.
VUZI has been the subject of a number of analyst reports. Chardan Capital set a $10.00 target price on shares of Vuzix and gave the stock a “buy” rating in a research note on Tuesday, December 26th. Zacks Investment Research upgraded shares of Vuzix from a “sell” rating to a “hold” rating in a research note on Tuesday, December 19th. Finally, Craig Hallum initiated coverage on shares of Vuzix in a research note on Monday. They set a “buy” rating for the company.
The company has a market capitalization of $212.36, a P/E ratio of -7.95 and a beta of 1.16.
Several hedge funds have recently modified their holdings of VUZI. GSA Capital Partners LLP lifted its position in 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 last quarter. Vanguard Group Inc. lifted its position in 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 last quarter. Finally, ETF Managers Group LLC purchased a new stake in Vuzix in the second quarter valued at $236,000. Hedge funds and other institutional investors own 7.92% of the company’s stock.
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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