Vuzix Corp (NASDAQ:VUZI) shares were down 5.1% on Friday following a dissappointing earnings announcement. The company traded as low as $1.77 and last traded at $1.86, approximately 640,587 shares were traded during mid-day trading. An increase of 17% from the average daily volume of 547,946 shares. The stock had previously closed at $1.96.
The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.03). The firm had revenue of $2.19 million for the quarter. Vuzix had a negative return on equity of 68.94% and a negative net margin of 288.62%.
A number of analysts have recently commented on VUZI shares. Zacks Investment Research upgraded Vuzix from a “sell” rating to a “hold” rating in a report on Sunday, July 14th. ValuEngine upgraded Vuzix from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Finally, Chardan Capital restated a “buy” rating and set a $10.00 price objective on shares of Vuzix in a report on Tuesday, July 2nd.
The company has a quick ratio of 3.23, a current ratio of 5.50 and a debt-to-equity ratio of 0.01. The firm’s 50 day simple moving average is $2.87. The stock has a market capitalization of $54.10 million, a price-to-earnings ratio of -2.19 and a beta of 1.45.
About Vuzix (NASDAQ:VUZI)
Vuzix Corporation designs, manufactures, markets, and sells augmented reality (AR) wearable display devices in North America, the Asia-Pacific, Europe, and internationally. The company offers its products in the form of smart glasses and AR glasses. Its products include monocular smart glasses for enterprise, industrial, commercial, and medical markets; and blade smart sunglasses for applications ranging from basic text messaging and answering the phone to overlaying mapping directions, menus, weather, events, stock quotes, video conferencing, sports updates, social feeds, bio-metrics, and others.
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