Traders Purchase Large Volume of Call Options on Vuzix (NASDAQ:VUZI)

Vuzix Co. (NASDAQ:VUZI) was the recipient of unusually large options trading activity on Monday. Stock investors purchased 2,690 call options on the company. This is an increase of approximately 253% compared to the average volume of 761 call options.

Vuzix Stock Performance

Vuzix stock opened at $2.51 on Wednesday. The firm has a market capitalization of $184.76 million, a P/E ratio of -2.02 and a beta of 1.76. The company has a 50-day simple moving average of $1.36 and a 200-day simple moving average of $1.26. Vuzix has a one year low of $0.83 and a one year high of $3.00.

Institutional Investors Weigh In On Vuzix

Large investors have recently made changes to their positions in the company. Quadrature Capital Ltd bought a new stake in shares of Vuzix during the first quarter valued at about $28,000. Point72 DIFC Ltd bought a new stake in shares of Vuzix during the 2nd quarter worth about $42,000. Simmons Bank increased its stake in shares of Vuzix by 89.9% during the second quarter. Simmons Bank now owns 30,200 shares of the company’s stock valued at $41,000 after acquiring an additional 14,300 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Vuzix during the second quarter valued at approximately $57,000. Finally, SG Americas Securities LLC raised its holdings in Vuzix by 219.7% during the second quarter. SG Americas Securities LLC now owns 111,508 shares of the company’s stock worth $151,000 after purchasing an additional 76,626 shares in the last quarter. Institutional investors and hedge funds own 35.87% of the company’s stock.

Analyst Ratings Changes

Separately, Craig Hallum reduced their price objective on Vuzix from $3.00 to $2.00 and set a “buy” rating for the company 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.