Vuzix (NASDAQ:VUZI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Vuzix (NASDAQ:VUZI) from a sell rating to a hold rating in a report published on Sunday morning.

Vuzix Stock Performance

Shares of Vuzix stock opened at $3.08 on Friday. Vuzix has a 1 year low of $1.47 and a 1 year high of $4.29. The firm’s 50-day simple moving average is $3.02 and its 200-day simple moving average is $2.88. The firm has a market cap of $246.80 million, a PE ratio of -6.70 and a beta of 1.51.

Insider Activity

In other news, insider Christopher Iain Parkinson sold 9,457 shares of the company’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $2.92, for a total transaction of $27,614.44. Following the completion of the transaction, the insider owned 142,793 shares in the company, valued at approximately $416,955.56. This represents a 6.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 8.30% of the company’s stock.

Hedge Funds Weigh In On Vuzix

A number of institutional investors and hedge funds have recently bought and sold shares of VUZI. SG Americas Securities LLC boosted its position in Vuzix by 5.1% during the third quarter. SG Americas Securities LLC now owns 75,793 shares of the company’s stock valued at $237,000 after buying an additional 3,680 shares during the period. Simmons Bank increased its holdings in shares of Vuzix by 13.6% in the fourth quarter. Simmons Bank now owns 66,800 shares of the company’s stock worth $253,000 after buying an additional 8,000 shares during the period. State of Wyoming bought a new stake in shares of Vuzix in the 4th quarter valued at about $38,000. Jump Financial LLC purchased a new stake in Vuzix during the 2nd quarter valued at about $31,000. Finally, Insigneo Advisory Services LLC purchased a new stake in Vuzix during the 4th quarter valued at about $41,000. Institutional investors own 35.87% of the company’s stock.

Vuzix Company Profile

Vuzix Corporation (NASDAQ: VUZI) is a technology company specializing in the design, development and manufacture of wearable display devices and smart glasses. Headquartered in Rochester, New York, Vuzix focuses on next-generation augmented reality (AR) and virtual reality (VR) solutions that enable hands-free access to video, data and applications. Its products integrate high-resolution optics, onboard sensors and wireless connectivity to support immersive visual experiences for professional and consumer use.

Vuzix’s product portfolio includes smart glasses and head-mounted displays such as the Vuzix Blade series and the M400 family.