84,656 Shares in Vuzix Co. (NASDAQ:VUZI) Purchased by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Vuzix Co. (NASDAQ:VUZI) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 84,656 shares of the company’s stock, valued at approximately $114,000. Point72 Asia Singapore Pte. Ltd. owned about 0.13% of Vuzix at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in VUZI. Mount Yale Investment Advisors LLC bought a new stake in Vuzix in the first quarter worth $27,000. Quadrature Capital Ltd bought a new stake in shares of Vuzix in the 1st quarter worth about $28,000. Mcrae Capital Management Inc. purchased a new stake in shares of Vuzix during the 2nd quarter valued at about $31,000. XTX Topco Ltd bought a new position in shares of Vuzix during the 2nd quarter valued at approximately $32,000. Finally, Sei Investments Co. purchased a new stake in Vuzix during the 2nd quarter valued at $33,000. Hedge funds and other institutional investors own 35.87% of the company’s stock.

Vuzix Stock Up 0.9 %

Shares of NASDAQ:VUZI opened at $1.16 on Friday. The business’s 50 day moving average is $1.02 and its 200 day moving average is $1.24. The stock has a market cap of $75.08 million, a P/E ratio of -1.47 and a beta of 1.50. Vuzix Co. has a 52-week low of $0.83 and a 52-week high of $3.73.

Vuzix (NASDAQ:VUZI) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.62) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.52). Vuzix had a negative net margin of 1,285.06% and a negative return on equity of 114.41%. The firm had revenue of $1.09 million during the quarter.

Analyst Ratings Changes

Separately, Craig Hallum cut their price objective on shares of Vuzix from $3.00 to $2.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th.

About Vuzix

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.