Vuzix Co. (NASDAQ:VUZI) COO Paul A. Boris acquired 3,000 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was bought at an average cost of $7.85 per share, with a total value of $23,550.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Vuzix Co. (NASDAQ VUZI) opened at $8.70 on Friday. Vuzix Co. has a fifty-two week low of $4.10 and a fifty-two week high of $11.40.
Vuzix (NASDAQ:VUZI) last posted its quarterly earnings results on Thursday, November 9th. The company reported ($0.28) EPS for the quarter. Vuzix had a negative return on equity of 134.55% and a negative net margin of 440.45%. analysts predict that Vuzix Co. will post -0.89 EPS for the current year.
Several brokerages have weighed in on VUZI. Maxim Group lifted their price objective on Vuzix from $11.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. BidaskClub cut Vuzix from a “buy” rating to a “hold” rating in a report on Tuesday, January 30th. Zacks Investment Research cut Vuzix from a “buy” rating to a “hold” rating in a report on Sunday, January 21st. Craig Hallum assumed coverage on Vuzix in a report on Monday, January 8th. They set a “buy” rating for the company. Finally, Chardan Capital set a $10.00 price target on Vuzix and gave the stock a “buy” rating in a report on Monday, January 1st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $9.75.
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Vuzix Company Profile
Vuzix Corporation designs, manufactures, markets, and sells wearable display devices in the United States and internationally. The companys products are worn like eyeglasses that enable the user to view video and digital content, such as movies, computer data, the Internet, or video games. Its products include binocular wearable displays that contain two micro displays mounted in a frame attached to eyeglass-style temples or stereo headphones; monocular smart glasses products for the enterprise, industrial, and commercial markets, as well as video headphones; augmented reality products, which provide the user a live, direct or indirect, view of a physical, and real-world environment; and video viewing glasses as mobile displays for entertainment and gaming for on-the-go users, as well as support for stepping into virtual worlds, simulations, and virtual reality gaming.
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