Vuzix (NASDAQ:VUZI) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Vuzix Co. (NASDAQ:VUZI) passed 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 trading hands.

Vuzix Price Performance

The stock has a market cap of $175.36 million, a P/E ratio of -1.85 and a beta of 1.64. The firm’s 50 day simple moving average is $3.30 and its two-hundred day simple moving average is $2.48.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN lifted its holdings in Vuzix by 130.9% during the 4th quarter. Wells Fargo & Company MN now owns 7,056 shares of the company’s stock valued at $28,000 after purchasing an additional 4,000 shares during the last quarter. Sprott Inc. acquired a new stake in shares of Vuzix during the fourth quarter worth approximately $39,000. Kellett Wealth Advisors LLC bought a new position in shares of Vuzix in the fourth quarter valued at approximately $41,000. Root Financial Partners LLC acquired a new position in shares of Vuzix in the 4th quarter worth approximately $41,000. Finally, ExodusPoint Capital Management LP acquired a new stake in Vuzix during the 4th quarter valued at $50,000. Institutional investors own 35.87% of the company’s stock.

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.