Vuzix (NASDAQ:VUZI) Posts Earnings Results

Vuzix (NASDAQ:VUZI) posted its quarterly earnings data on Thursday. The company reported ($0.09) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $1.16 million for the quarter. Vuzix had a negative return on equity of 113.11% and a negative net margin of 707.90%.

Vuzix Price Performance

Shares of NASDAQ:VUZI opened at $2.26 on Friday. The business has a 50-day moving average of $3.18 and a two-hundred day moving average of $2.70. The firm has a market capitalization of $181.53 million, a PE ratio of -4.43 and a beta of 1.66. Vuzix has a 12 month low of $0.85 and a 12 month high of $5.79.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on VUZI shares. Craig Hallum reiterated a “buy” rating on shares of Vuzix in a research report on Wednesday, October 1st. Weiss Ratings reiterated a “sell (e+)” rating on shares of Vuzix in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Institutional Trading of Vuzix

A number of institutional investors and hedge funds have recently bought and sold shares of VUZI. Vident Advisory LLC raised its holdings in Vuzix by 8.2% in the third quarter. Vident Advisory LLC now owns 348,886 shares of the company’s stock valued at $1,092,000 after buying an additional 26,453 shares during the period. BNP Paribas Financial Markets increased its position in shares of Vuzix by 75.0% in the third quarter. BNP Paribas Financial Markets now owns 259,959 shares of the company’s stock worth $814,000 after acquiring an additional 111,445 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Vuzix in the 3rd quarter valued at $36,000. DNB Asset Management AS acquired a new position in shares of Vuzix during the 3rd quarter valued at $216,000. Finally, Skandinaviska Enskilda Banken AB publ boosted its position in Vuzix by 118.2% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 271,007 shares of the company’s stock worth $848,000 after purchasing an additional 146,818 shares during the period. Institutional investors and hedge funds own 35.87% of the company’s stock.

About Vuzix

Vuzix Corporation designs, manufactures, and markets smart glasses and augmented reality (AR) technologies and products for the enterprise, medical, defense, and consumer markets. The company’s products include head-mounted smart personal display and wearable computing devices that offer users a portable viewing experience, provide solutions for mobility, wearable displays, and augmented reality, as well as original equipment manufacturer waveguide optical components and display engines.