Vuzix (NASDAQ:VUZI) Stock Rating Upgraded by Wall Street Zen

Vuzix (NASDAQ:VUZI) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Sunday.

Vuzix Price Performance

Vuzix stock opened at $2.72 on Friday. Vuzix has a 12-month low of $1.47 and a 12-month high of $4.29. The stock has a market capitalization of $217.95 million, a PE ratio of -5.91 and a beta of 1.52. The firm has a 50 day simple moving average of $3.02 and a 200-day simple moving average of $2.87.

Insider Activity at Vuzix

In other news, insider Christopher Iain Parkinson sold 9,457 shares of the business’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $2.92, for a total value of $27,614.44. Following the sale, the insider owned 142,793 shares of the company’s stock, valued at approximately $416,955.56. The trade was a 6.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 8.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Vuzix during the 2nd quarter valued at $3,547,000. AIGH Capital Management LLC acquired a new stake in shares of Vuzix during the third quarter worth $2,813,000. Thompson Davis & CO. Inc. acquired a new stake in shares of Vuzix during the second quarter worth $71,000. XTX Topco Ltd purchased a new stake in shares of Vuzix during the second quarter valued at $532,000. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Vuzix in the 2nd quarter valued at $108,000. 35.87% of the stock is owned by institutional investors and hedge funds.

About Vuzix

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.