Vuzix (NASDAQ:VUZI) Shares Cross Above 50-Day Moving Average – Time to Sell?

Shares of Vuzix Co. (NASDAQ:VUZI) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $2.34 and traded as high as $4.43. Vuzix shares last traded at $3.94, with a volume of 3,148,430 shares changing hands.

Vuzix Trading Down 8.8 %

The firm has a market cap of $290.04 million, a PE ratio of -3.18 and a beta of 1.75. The firm has a 50 day moving average price of $2.34 and a 200-day moving average price of $1.57.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised 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 purchasing an additional 25,540 shares in the last quarter. Taylor Frigon Capital Management LLC raised its stake in Vuzix by 85.5% in the third quarter. Taylor Frigon Capital Management LLC now owns 667,230 shares of the company’s stock valued at $781,000 after buying an additional 307,599 shares in the last quarter. GSA Capital Partners LLP lifted its holdings in Vuzix by 312.7% during the 3rd quarter. GSA Capital Partners LLP now owns 502,200 shares of the company’s stock worth $588,000 after buying an additional 380,517 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its position in shares of Vuzix by 42.5% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 152,500 shares of the company’s stock worth $206,000 after acquiring an additional 45,453 shares in the last quarter. Finally, ProShare Advisors LLC boosted its holdings in Vuzix by 22.3% in the second quarter. ProShare Advisors LLC now owns 149,543 shares of the company’s stock valued at $202,000 after purchasing an additional 27,307 shares in the last quarter. Hedge funds and other institutional investors own 35.87% of the company’s stock.

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.