Vicon Industries, Inc. (VII) Major Shareholder Acquires $3,000,000.00 in Stock

Vicon Industries, Inc. (NYSEMKT:VII) major shareholder Anita G. Zucker bought 7,500,000 shares of the stock in a transaction that occurred on Tuesday, November 7th. The stock was acquired at an average price of $0.40 per share, for a total transaction of $3,000,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Vicon Industries, Inc. (VII) opened at $0.42 on Friday. Vicon Industries, Inc. has a 1 year low of $0.26 and a 1 year high of $0.99.

Vicon Industries (NYSEMKT:VII) last issued its quarterly earnings results on Monday, August 14th. The industrial products company reported ($0.15) earnings per share (EPS) for the quarter. Vicon Industries had a negative net margin of 18.93% and a negative return on equity of 108.67%. The firm had revenue of $7.38 million for the quarter.

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An institutional investor recently bought a new position in Vicon Industries stock. Virtu KCG Holdings LLC purchased a new stake in shares of Vicon Industries, Inc. (NYSEMKT:VII) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 234,491 shares of the industrial products company’s stock, valued at approximately $137,000. Virtu KCG Holdings LLC owned 2.51% of Vicon Industries as of its most recent filing with the Securities and Exchange Commission.

Several equities analysts have recently issued reports on the company. ValuEngine upgraded Vicon Industries from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Scotiabank reiterated a “buy” rating and set a $27.00 price target on shares of Vicon Industries in a research report on Tuesday, October 10th.

Vicon Industries Company Profile

Vicon Industries, Inc develops video management software. The Company designs, assembles and markets a range of video systems and system components, including cameras, network video servers/recorders, encoders and mass storage units, which are used in security, surveillance, safety and control applications.

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