Vuzix (VUZI) Sees Unusually-High Trading Volume
Vuzix Co. (NASDAQ:VUZI) saw unusually-strong trading volume on Tuesday . Approximately 1,092,897 shares changed hands during mid-day 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.
A number of equities research analysts recently weighed in on VUZI shares. Maxim Group reissued a “buy” rating and issued a $11.00 price target on shares of Vuzix in a research report on Wednesday, September 6th. Zacks Investment Research raised shares of Vuzix from a “sell” rating to a “hold” rating in a research report on Saturday, December 2nd. 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 stock has a market capitalization of $143.19, a PE ratio of -5.64 and a beta of 1.15.
In other Vuzix news, COO Paul A. Boris bought 5,000 shares of Vuzix stock in a transaction dated Wednesday, October 4th. The stock was acquired at an average cost of $5.20 per share, with a total value of $26,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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. Insiders bought 29,300 shares of company stock valued at $165,465 over the last ninety days. Corporate insiders own 18.40% of the company’s stock.
Large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in 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. ETF Managers Group LLC purchased a new position in Vuzix during the second quarter worth about $236,000. Finally, GSA Capital Partners LLP raised its holdings 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 purchasing an additional 27,700 shares in the last quarter. 7.92% of the stock is owned by institutional investors and hedge funds.
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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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