Vuzix (NASDAQ:VUZI) Stock Crosses Below 200 Day Moving Average – What’s Next?

Shares of Vuzix Co. (NASDAQ:VUZI) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.47 and traded as low as $2.27. Vuzix shares last traded at $2.30, with a volume of 836,564 shares.

Vuzix Price Performance

The firm has a 50 day moving average price of $3.32 and a 200-day moving average price of $2.47. The firm has a market cap of $175.36 million, a price-to-earnings ratio of -1.85 and a beta of 1.64.

Vuzix (NASDAQ:VUZI) last released its earnings results on Thursday, March 13th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.04). Vuzix had a negative net margin of 1,437.17% and a negative return on equity of 139.39%. The business had revenue of $1.27 million for the quarter, compared to analyst estimates of $1.53 million.

Hedge Funds Weigh In On Vuzix

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. MFG Wealth Management Inc. acquired a new position in shares of Vuzix in the 4th quarter valued at $1,075,000. EVR Research LP bought a new stake in Vuzix in the fourth quarter valued at about $709,000. Two Sigma Investments LP acquired a new position in Vuzix in the fourth quarter valued at about $441,000. Headlands Technologies LLC boosted its holdings in Vuzix by 141,419.4% during the fourth quarter. Headlands Technologies LLC now owns 101,894 shares of the company’s stock worth $401,000 after buying an additional 101,822 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Vuzix during the 4th quarter worth about $401,000. 35.87% of the stock is owned by institutional investors.

Vuzix Company Profile

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.