Point72 DIFC Ltd Takes Position in Vuzix Co. (NASDAQ:VUZI)

Point72 DIFC Ltd purchased a new stake in Vuzix Co. (NASDAQ:VUZI) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 31,038 shares of the company’s stock, valued at approximately $42,000.

Other large investors have also recently bought and sold shares of the company. Renaissance Technologies LLC boosted its stake in shares of Vuzix by 24.2% during the second quarter. Renaissance Technologies LLC now owns 65,200 shares of the company’s stock worth $88,000 after buying an additional 12,700 shares during the period. Simmons Bank lifted its position in Vuzix by 89.9% during the 2nd quarter. Simmons Bank now owns 30,200 shares of the company’s stock worth $41,000 after acquiring an additional 14,300 shares during the period. Mount Yale Investment Advisors LLC purchased a new position in shares of Vuzix in the 1st quarter valued at approximately $27,000. Mcrae Capital Management Inc. acquired a new position in shares of Vuzix in the second quarter valued at approximately $31,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Vuzix during the first quarter worth approximately $28,000. Institutional investors and hedge funds own 35.87% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Craig Hallum lowered 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.

Vuzix Stock Up 0.9 %

NASDAQ VUZI opened at $1.16 on Monday. The stock has a market capitalization 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. The firm has a 50-day moving average price of $1.02 and a 200 day moving average price of $1.24.

Vuzix (NASDAQ:VUZI) last issued its earnings results on Wednesday, August 14th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.52). Vuzix had a negative return on equity of 114.41% and a negative net margin of 1,285.06%. The business had revenue of $1.09 million for the quarter.

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.