Vuzix (NASDAQ:VUZI) PT Lowered to $3.00

Vuzix (NASDAQ:VUZI) had its price objective reduced by Craig Hallum from $3.50 to $3.00 in a report published on Tuesday morning, Benzinga reports. Craig Hallum currently has a buy rating on the stock.

Vuzix Price Performance

Shares of Vuzix stock opened at $1.26 on Tuesday. The company’s fifty day simple moving average is $1.45 and its 200-day simple moving average is $2.10. The stock has a market capitalization of $81.55 million, a PE ratio of -1.59 and a beta of 1.86. Vuzix has a 1-year low of $1.10 and a 1-year high of $6.06.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC boosted its stake in shares of Vuzix by 57.9% during the 3rd quarter. SG Americas Securities LLC now owns 57,274 shares of the company’s stock worth $208,000 after acquiring an additional 20,998 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in shares of Vuzix by 7.8% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 107,047 shares of the company’s stock valued at $389,000 after buying an additional 7,735 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its stake in shares of Vuzix by 226.9% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 82,440 shares of the company’s stock valued at $299,000 after buying an additional 57,223 shares in the last quarter. Confluence Wealth Services Inc. purchased a new position in shares of Vuzix during the 3rd quarter valued at $38,000. Finally, Taylor Frigon Capital Management LLC lifted its stake in shares of Vuzix by 6.4% during the 4th quarter. Taylor Frigon Capital Management LLC now owns 359,359 shares of the company’s stock valued at $749,000 after buying an additional 21,650 shares in the last quarter. Hedge funds and other institutional investors own 35.87% of the company’s stock.

About Vuzix

Vuzix Corporation, together with its subsidiaries, designs, manufactures, markets, and sells augmented reality (AR) wearable display and computing devices for consumer and enterprise markets in North America, Europe, the Asia-Pacific, and internationally. It provides M400, and M4000 series of smart glasses for enterprise, industrial, commercial, and medical markets; Vuzix Blade smart glasses; waveguide optics and related coupling optics; Vuzix Shield smart glasses; Vuzix Ultralite smart glasses; and Mobilium logistics mobility software, which removes traditional middleware and supports various ERP systems, as well as custom and engineering solutions.