Northern Trust Corp lowered its stake in Vuzix Corp (NASDAQ:VUZI) by 6.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 237,582 shares of the company’s stock after selling 15,872 shares during the period. Northern Trust Corp owned approximately 0.86% of Vuzix worth $972,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in VUZI. B. Riley Wealth Management Inc. purchased a new position in shares of Vuzix in the first quarter worth about $35,000. Taylor Frigon Capital Management LLC increased its holdings in Vuzix by 16.2% during the 2nd quarter. Taylor Frigon Capital Management LLC now owns 547,746 shares of the company’s stock valued at $2,240,000 after purchasing an additional 76,320 shares during the period. SeaCrest Wealth Management LLC purchased a new position in Vuzix during the 2nd quarter valued at about $92,000. Finally, Keybank National Association OH purchased a new position in Vuzix during the 2nd quarter valued at about $82,000. Hedge funds and other institutional investors own 14.93% of the company’s stock.
NASDAQ:VUZI traded down $0.12 during mid-day trading on Friday, reaching $2.18. 384,500 shares of the company’s stock traded hands, compared to its average volume of 480,315. The company has a 50 day moving average price of $2.35 and a 200-day moving average price of $2.51. Vuzix Corp has a 12-month low of $1.77 and a 12-month high of $6.20. The firm has a market capitalization of $82.71 million, a price-to-earnings ratio of -2.56 and a beta of 1.51. 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 Thursday, November 7th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.02). Vuzix had a negative net margin of 291.85% and a negative return on equity of 78.94%. The company had revenue of $1.16 million for the quarter. As a group, analysts forecast that Vuzix Corp will post -0.71 EPS for the current year.
A number of research analysts recently issued reports on the company. Zacks Investment Research downgraded Vuzix from a “hold” rating to a “sell” rating in a report on Saturday, September 7th. ValuEngine upgraded Vuzix from a “hold” rating to a “buy” rating in a report on Friday, November 1st.
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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