48,683 Shares in Vuzix Co. (NASDAQ:VUZI) Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. acquired a new stake in shares of Vuzix Co. (NASDAQ:VUZI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 48,683 shares of the company’s stock, valued at approximately $192,000. Charles Schwab Investment Management Inc. owned 0.07% of Vuzix as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of VUZI. Geode Capital Management LLC grew its holdings in shares of Vuzix by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 673,462 shares of the company’s stock valued at $788,000 after buying an additional 25,540 shares during the period. Mount Yale Investment Advisors LLC bought a new position in Vuzix during the fourth quarter worth about $87,000. Stonebridge Financial Group LLC bought a new position in Vuzix during the fourth quarter worth about $79,000. MFG Wealth Management Inc. acquired a new position in Vuzix in the fourth quarter valued at about $1,075,000. Finally, Root Financial Partners LLC bought a new stake in shares of Vuzix in the fourth quarter worth about $41,000. Institutional investors own 35.87% of the company’s stock.

Vuzix Price Performance

NASDAQ:VUZI opened at $1.94 on Wednesday. The business’s 50-day simple moving average is $3.16 and its 200-day simple moving average is $2.56. Vuzix Co. has a fifty-two week low of $0.83 and a fifty-two week high of $5.79. The stock has a market capitalization of $147.91 million, a PE ratio of -1.56 and a beta of 1.64.

Vuzix (NASDAQ:VUZI) last announced its quarterly earnings results on Thursday, March 13th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.04). The company had revenue of $1.27 million during the quarter, compared to the consensus estimate of $1.53 million. Vuzix had a negative net margin of 1,437.17% and a negative return on equity of 139.39%.

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.