Vuzix (NASDAQ:VUZI) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Shares of Vuzix Co. (NASDAQ:VUZI) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 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.

Vuzix Trading Up 5.1 %

The stock has a market cap of $304.77 million, a price-to-earnings ratio of -3.34 and a beta of 1.75. The company has a 50 day simple moving average of $2.40 and a 200-day simple moving average of $1.59.

Institutional Trading of Vuzix

A number of institutional investors have recently made changes to their positions in VUZI. XTX Topco Ltd acquired a new stake in Vuzix in the 2nd quarter valued at $32,000. Sei Investments Co. acquired a new stake in shares of Vuzix in the second quarter valued at about $33,000. Point72 DIFC Ltd bought a new stake in Vuzix during the second quarter worth about $42,000. Cubist Systematic Strategies LLC bought a new stake in Vuzix during the second quarter worth about $57,000. Finally, Renaissance Technologies LLC boosted its position in Vuzix by 24.2% during the second quarter. Renaissance Technologies LLC now owns 65,200 shares of the company’s stock valued at $88,000 after purchasing an additional 12,700 shares during the last quarter. Institutional investors own 35.87% of the company’s stock.

Vuzix Company 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.