Uni-Pixel Inc. (UNXL) Downgraded by Zacks Investment Research
Uni-Pixel Inc. (NASDAQ:UNXL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday.
According to Zacks, “Uni-Pixel, Inc is engaged in the design and development of polymer film materials and related technologies for the display, flexible electronics, and energy, transportation and entertainment industries. The Company’s patented technology, Time Multiplexed Optical Shutter (TMOS) technology, can be used in mobile phones, digital cameras, notebook computers, televisions, and other consumer electronic devices. Uni-Pixel, Inc is headquartered in The Woodlands, Texas. “
Other research analysts have also issued research reports about the company. Roth Capital began coverage on Uni-Pixel in a research report on Friday, July 8th. They issued a “buy” rating and a $3.00 target price for the company. Benchmark Co. began coverage on Uni-Pixel in a research report on Tuesday, August 23rd. They issued a “speculative buy” rating and a $2.40 target price for the company.
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Uni-Pixel (NASDAQ:UNXL) traded down 1.3537% on Tuesday, reaching $1.4501. The company’s stock had a trading volume of 13,520 shares. The firm has a 50-day moving average price of $1.55 and a 200 day moving average price of $1.59. Uni-Pixel has a 52-week low of $0.35 and a 52-week high of $2.88. The firm’s market capitalization is $65.31 million.
Uni-Pixel (NASDAQ:UNXL) last posted its quarterly earnings data on Thursday, August 11th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by $0.03. Uni-Pixel had a negative return on equity of 199.36% and a negative net margin of 700.83%. The business had revenue of $957 million for the quarter, compared to analysts’ expectations of $0.97 million. During the same quarter in the prior year, the firm earned ($0.52) earnings per share. Uni-Pixel’s revenue for the quarter was down 29.7% compared to the same quarter last year. Equities analysts anticipate that Uni-Pixel will post ($0.52) earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp raised its position in Uni-Pixel by 356.0% in the second quarter. Bank of New York Mellon Corp now owns 70,612 shares of the company’s stock worth $104,000 after buying an additional 55,128 shares in the last quarter. BlackRock Fund Advisors raised its position in Uni-Pixel by 215.0% in the second quarter. BlackRock Fund Advisors now owns 107,499 shares of the company’s stock worth $158,000 after buying an additional 73,374 shares in the last quarter. Cannell Peter B & Co. Inc. bought a new position in Uni-Pixel during the second quarter worth about $147,000. Brandes Investment Partners LP bought a new position in Uni-Pixel during the second quarter worth about $163,000. Finally, Schwab Charles Investment Management Inc. bought a new position in Uni-Pixel during the second quarter worth about $238,000. Institutional investors own 9.19% of the company’s stock.
Uni-Pixel Company Profile
Uni-Pixel, Inc develops and markets touch sensor films for the touch screen and flexible electronics markets. The Company’s roll-to-roll electronics manufacturing process patterns fine line conductive elements on thin films. The Company markets its technologies for touch panel sensor and hard coat resin for cover glass replacement, and protective cover film applications under the XTouch and Diamond Guard brands.
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