Vuzix (NASDAQ:VUZI) Stock Price Crosses Above 50-Day Moving Average – Should You Sell?

Vuzix Co. (NASDAQ:VUZI) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $2.34 and traded as high as $4.43. Vuzix shares last traded at $3.94, with a volume of 3,148,430 shares changing hands.

Vuzix Price Performance

The business has a 50 day simple moving average of $2.34 and a 200 day simple moving average of $1.57. The company has a market capitalization of $290.04 million, a price-to-earnings ratio of -3.18 and a beta of 1.75.

Hedge Funds Weigh In On Vuzix

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP lifted its position in shares of Vuzix by 312.7% during the third quarter. GSA Capital Partners LLP now owns 502,200 shares of the company’s stock worth $588,000 after purchasing an additional 380,517 shares in the last quarter. Taylor Frigon Capital Management LLC increased its stake in Vuzix by 85.5% during the 3rd quarter. Taylor Frigon Capital Management LLC now owns 667,230 shares of the company’s stock worth $781,000 after buying an additional 307,599 shares during the period. Squarepoint Ops LLC lifted its holdings in Vuzix by 541.4% during the 2nd quarter. Squarepoint Ops LLC now owns 119,218 shares of the company’s stock worth $161,000 after buying an additional 100,632 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Vuzix in the 2nd quarter valued at approximately $114,000. Finally, B. Riley Wealth Advisors Inc. grew its stake in shares of Vuzix by 42.5% in the second quarter. B. Riley Wealth Advisors Inc. now owns 152,500 shares of the company’s stock worth $206,000 after acquiring an additional 45,453 shares in the last quarter. 35.87% of the stock is currently owned by hedge funds and other institutional investors.

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.