Vuzix (NASDAQ:VUZI) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

Vuzix Co. (NASDAQ:VUZI) crossed 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 traded.

Vuzix Stock Up 5.1 %

The business’s 50 day simple moving average is $2.40 and its 200 day simple moving average is $1.59. The stock has a market cap of $304.77 million, a price-to-earnings ratio of -3.34 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 VUZI. Geode Capital Management LLC increased its position in Vuzix by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 673,462 shares of the company’s stock worth $788,000 after buying an additional 25,540 shares during the period. GSA Capital Partners LLP grew its holdings in shares of Vuzix by 312.7% during the 3rd quarter. GSA Capital Partners LLP now owns 502,200 shares of the company’s stock valued at $588,000 after purchasing an additional 380,517 shares during the last quarter. Taylor Frigon Capital Management LLC increased its holdings in shares of Vuzix by 85.5% during the third 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 in the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Vuzix during the second quarter valued at about $42,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Vuzix in the 2nd quarter valued at approximately $57,000. 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.