Vuzix Corp (NASDAQ:VUZI)’s share price traded up 6.7% during trading on Wednesday . The stock traded as high as $2.40 and last traded at $2.40, 294,400 shares traded hands during trading. A decline of 43% from the average session volume of 517,591 shares. The stock had previously closed at $2.25.

Several equities analysts have commented on the stock. Zacks Investment Research cut shares of Vuzix from a “hold” rating to a “sell” rating in a research report on Saturday, September 7th. ValuEngine cut shares of Vuzix from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Finally, Chardan Capital reissued a “buy” rating and set a $10.00 target price on shares of Vuzix in a research report on Tuesday, July 2nd.

The company’s 50-day simple moving average is $1.99 and its 200 day simple moving average is $2.73. The company has a current ratio of 4.73, a quick ratio of 1.96 and a debt-to-equity ratio of 0.01. The stock has a market cap of $76.75 million, a P/E ratio of -2.89 and a beta of 1.47.

Vuzix (NASDAQ:VUZI) last posted its earnings results on Friday, August 9th. The company reported ($0.20) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.03). Vuzix had a negative return on equity of 78.94% and a negative net margin of 291.85%. The firm had revenue of $2.19 million for the quarter. Research analysts anticipate that Vuzix Corp will post -0.71 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of the business. Taylor Frigon Capital Management LLC lifted its position in shares of Vuzix by 16.2% during the 2nd quarter. Taylor Frigon Capital Management LLC now owns 547,746 shares of the company’s stock worth $2,240,000 after buying an additional 76,320 shares in the last quarter. Paloma Partners Management Co bought a new position in shares of Vuzix during the 2nd quarter worth approximately $646,000. D. E. Shaw & Co. Inc. bought a new position in shares of Vuzix during the 2nd quarter worth approximately $592,000. ETF Managers Group LLC lifted its position in shares of Vuzix by 112.7% during the 2nd quarter. ETF Managers Group LLC now owns 144,323 shares of the company’s stock worth $616,000 after buying an additional 76,469 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Vuzix by 16,307.6% during the 1st quarter. Bank of Montreal Can now owns 54,309 shares of the company’s stock worth $166,000 after purchasing an additional 53,978 shares during the last quarter. 15.04% of the stock is currently owned by hedge funds and other institutional investors.

About Vuzix (NASDAQ:VUZI)

Vuzix Corporation designs, manufactures, markets, and sells augmented reality (AR) wearable display devices in North America, the Asia-Pacific, Europe, and internationally. The company offers its products in the form of smart glasses and AR glasses. Its products include monocular smart glasses for enterprise, industrial, commercial, and medical markets; and blade smart sunglasses for applications ranging from basic text messaging and answering the phone to overlaying mapping directions, menus, weather, events, stock quotes, video conferencing, sports updates, social feeds, bio-metrics, and others.

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