Virtu Financial LLC Takes $214,000 Position in Vuzix Co. (NASDAQ:VUZI)

Virtu Financial LLC acquired a new position in Vuzix Co. (NASDAQ:VUZI) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 54,265 shares of the company’s stock, valued at approximately $214,000. Virtu Financial LLC owned approximately 0.07% of Vuzix at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Sprott Inc. acquired a new position in shares of Vuzix during the 4th quarter valued at about $39,000. Kellett Wealth Advisors LLC acquired a new position in Vuzix in the 4th quarter valued at $41,000. Root Financial Partners LLC bought a new position in Vuzix in the 4th quarter worth $41,000. SBI Securities Co. Ltd. acquired a new position in Vuzix during the 4th quarter worth $68,000. Finally, Stonebridge Financial Group LLC bought a new stake in Vuzix during the fourth quarter valued at about $79,000. 35.87% of the stock is owned by hedge funds and other institutional investors.

Vuzix Stock Performance

Vuzix stock opened at $2.24 on Friday. Vuzix Co. has a 52 week low of $0.83 and a 52 week high of $5.79. The firm has a market capitalization of $170.78 million, a PE ratio of -1.81 and a beta of 1.64. The business’s 50-day simple moving average is $3.22 and its 200-day simple moving average is $2.52.

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

Vuzix Profile

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.