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

Vuzix Corporation (NASDAQ:VUZI) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $2.51 and traded as high as $2.66. Vuzix shares last traded at $2.62, with a volume of 495,825 shares changing hands.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Vuzix from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold”.

Vuzix Trading Down 0.4%

The firm’s fifty day moving average price is $2.51 and its two-hundred day moving average price is $2.90. The stock has a market capitalization of $217.05 million, a PE ratio of -6.21 and a beta of 1.37.

Vuzix (NASDAQ:VUZI) last released its quarterly earnings results on Thursday, March 12th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.03). The firm had revenue of $2.24 million for the quarter, compared to analyst estimates of $1.92 million. Vuzix had a negative net margin of 513.82% and a negative return on equity of 112.96%.

Insider Transactions at Vuzix

In other Vuzix news, insider Christopher Iain Parkinson sold 11,663 shares of Vuzix stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $2.69, for a total transaction of $31,373.47. Following the sale, the insider owned 131,130 shares of the company’s stock, valued at $352,739.70. The trade was a 8.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.30% of the stock is currently owned by company insiders.

Institutional Trading of Vuzix

Several large investors have recently bought and sold shares of VUZI. SG Americas Securities LLC lifted its stake in Vuzix by 5.1% in the 3rd quarter. SG Americas Securities LLC now owns 75,793 shares of the company’s stock worth $237,000 after purchasing an additional 3,680 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of Vuzix by 424.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 9,493 shares of the company’s stock valued at $36,000 after purchasing an additional 7,682 shares in the last quarter. Simmons Bank grew its position in shares of Vuzix by 13.6% in the fourth quarter. Simmons Bank now owns 66,800 shares of the company’s stock valued at $253,000 after purchasing an additional 8,000 shares in the last quarter. State of Wyoming acquired a new stake in shares of Vuzix in the fourth quarter valued at approximately $38,000. Finally, Jump Financial LLC acquired a new stake in shares of Vuzix in the second quarter valued at approximately $31,000. Hedge funds and other institutional investors own 35.87% of the company’s stock.

Vuzix Company Profile

Vuzix Corporation (NASDAQ: VUZI) is a technology company specializing in the design, development and manufacture of wearable display devices and smart glasses. Headquartered in Rochester, New York, Vuzix focuses on next-generation augmented reality (AR) and virtual reality (VR) solutions that enable hands-free access to video, data and applications. Its products integrate high-resolution optics, onboard sensors and wireless connectivity to support immersive visual experiences for professional and consumer use.

Vuzix’s product portfolio includes smart glasses and head-mounted displays such as the Vuzix Blade series and the M400 family.