Vuzix Corp (NASDAQ:VUZI) shares traded up 6.7% on Wednesday . The stock traded as high as $2.40 and last traded at $2.40, 294,400 shares changed hands during trading. A decline of 43% from the average session volume of 517,591 shares. The stock had previously closed at $2.25.

A number of equities analysts have issued reports on the stock. Zacks Investment Research cut shares of Vuzix from a “hold” rating to a “sell” rating in a report on Saturday. Chardan Capital reiterated a “buy” rating and set a $10.00 price target on shares of Vuzix in a research report on Tuesday, July 2nd. Finally, ValuEngine downgraded Vuzix from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th.

The firm’s fifty day moving average price is $1.98 and its 200-day moving average price is $2.74. The company has a market cap of $75.42 million, a price-to-earnings ratio of -2.82 and a beta of 1.47. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.73 and a quick ratio of 1.96.

Vuzix (NASDAQ:VUZI) last released its quarterly earnings data on Friday, August 9th. The company reported ($0.20) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.17) by ($0.03). The firm had revenue of $2.19 million during the quarter. Vuzix had a negative return on equity of 78.94% and a negative net margin of 291.85%. As a group, equities analysts forecast that Vuzix Corp will post -0.71 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of VUZI. Paloma Partners Management Co acquired a new stake in shares of Vuzix in the second quarter valued at approximately $646,000. D. E. Shaw & Co. Inc. bought a new position in Vuzix in the 2nd quarter worth approximately $592,000. ETF Managers Group LLC increased its position in Vuzix by 112.7% in the 2nd quarter. ETF Managers Group LLC now owns 144,323 shares of the company’s stock valued at $616,000 after acquiring an additional 76,469 shares during the period. Taylor Frigon Capital Management LLC increased its position in Vuzix by 16.2% in the 2nd quarter. Taylor Frigon Capital Management LLC now owns 547,746 shares of the company’s stock valued at $2,240,000 after acquiring an additional 76,320 shares during the period. Finally, Bank of Montreal Can raised its stake in Vuzix by 16,307.6% during the 1st quarter. Bank of Montreal Can now owns 54,309 shares of the company’s stock valued at $166,000 after acquiring an additional 53,978 shares in the last quarter. Hedge funds and other institutional investors own 15.04% of the company’s stock.

Vuzix Company Profile (NASDAQ:VUZI)

Vuzix Corporation designs, manufactures, markets, and sells augmented reality (AR) wearable display devices in North America, the Asia-Pacific, Europe, and internationally. The company offers its products in the form of smart glasses and AR glasses. Its products include monocular smart glasses for enterprise, industrial, commercial, and medical markets; and blade smart sunglasses for applications ranging from basic text messaging and answering the phone to overlaying mapping directions, menus, weather, events, stock quotes, video conferencing, sports updates, social feeds, bio-metrics, and others.

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