Craig Hallum initiated coverage on shares of Vuzix (NASDAQ:VUZI) in a research note released on Monday morning, The Fly reports. The brokerage issued a buy rating on the stock.

A number of other equities analysts have also recently issued reports on VUZI. Chardan Capital set a $10.00 price objective on shares of Vuzix and gave the stock a buy rating in a research report on Monday, January 1st. Zacks Investment Research cut shares of Vuzix from a buy rating to a hold rating in a research report on Wednesday, October 18th.

Vuzix (NASDAQ:VUZI) traded down $0.04 during mid-day trading on Monday, hitting $8.71. 224,715 shares of the stock were exchanged, compared to its average volume of 726,053. The company has a market cap of $212.36, a PE ratio of -7.92 and a beta of 1.16. Vuzix has a one year low of $4.10 and a one year high of $9.55.

In other Vuzix news, COO Paul A. Boris bought 5,000 shares of the stock in a transaction that occurred on Tuesday, December 19th. The shares were bought at an average price of $5.74 per share, for a total transaction of $28,700.00. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Edward William Jr. Kay bought 10,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was acquired at an average price of $5.95 per share, for a total transaction of $59,500.00. The disclosure for this purchase can be found here. Insiders have bought a total of 22,000 shares of company stock worth $126,930 in the last three months. Insiders own 18.40% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of VUZI. GSA Capital Partners LLP raised its holdings in shares of Vuzix by 261.3% in the 2nd quarter. GSA Capital Partners LLP now owns 38,300 shares of the company’s stock worth $251,000 after acquiring an additional 27,700 shares during the last quarter. Vanguard Group Inc. increased its stake in Vuzix by 15.0% in the 2nd quarter. Vanguard Group Inc. now owns 646,120 shares of the company’s stock valued at $4,232,000 after buying an additional 84,127 shares during the last quarter. Finally, ETF Managers Group LLC purchased a new stake in Vuzix in the 2nd quarter valued at about $236,000. Institutional investors own 7.92% of the company’s stock.

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About Vuzix

Vuzix Corporation designs, manufactures, markets, and sells wearable display devices in the United States and internationally. The company’s 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.

The Fly

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