Vuzix (NASDAQ:VUZI) Shares Pass Above 50-Day Moving Average – Should You 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 $3.35 and traded as high as $3.37. Vuzix shares last traded at $3.32, with a volume of 836,937 shares changing hands.

Vuzix Trading Up 0.6 %

The firm has a 50-day moving average of $3.35 and a 200-day moving average of $1.90.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in VUZI. Renaissance Technologies LLC boosted its position in Vuzix by 24.2% during the 2nd quarter. Renaissance Technologies LLC now owns 65,200 shares of the company’s stock valued at $88,000 after buying an additional 12,700 shares during the period. Mount Yale Investment Advisors LLC purchased a new stake in shares of Vuzix during the fourth quarter worth about $87,000. XTX Topco Ltd bought a new stake in shares of Vuzix in the second quarter worth about $32,000. Sei Investments Co. purchased a new position in Vuzix during the 2nd quarter valued at about $33,000. Finally, Geode Capital Management LLC raised its position in Vuzix by 3.9% during 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 during the last quarter. 35.87% of the stock is owned by hedge funds and other institutional investors.

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.