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 issued 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. “
A number of other equities analysts also recently issued reports on the company. Roth Capital started coverage on Uni-Pixel in a research report on Friday, July 8th. They set a “buy” rating and a $3.00 price target on the stock. Benchmark Co. started coverage on Uni-Pixel in a research report on Tuesday, August 23rd. They set a “speculative buy” rating and a $2.40 price target on the stock.
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Uni-Pixel (NASDAQ:UNXL) traded down 0.68% during mid-day trading on Tuesday, reaching $1.46. 10,494 shares of the company traded hands. The company’s 50 day moving average price is $1.55 and its 200 day moving average price is $1.59. The firm’s market capitalization is $65.76 million. Uni-Pixel has a 12-month low of $0.35 and a 12-month high of $2.88.
Uni-Pixel (NASDAQ:UNXL) last announced its quarterly earnings data on Thursday, August 11th. The company reported ($0.16) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by $0.03. The business earned $957 million during the quarter, compared to the consensus estimate of $0.97 million. Uni-Pixel had a negative net margin of 700.83% and a negative return on equity of 199.36%. The business’s revenue was down 29.7% compared to the same quarter last year. During the same period last year, the company earned ($0.52) EPS. Equities research analysts predict that Uni-Pixel will post ($0.52) EPS for the current year.
Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Uni-Pixel by 122.4% in the second quarter. Vanguard Group Inc. now owns 900,518 shares of the company’s stock worth $1,323,000 after buying an additional 495,610 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of Uni-Pixel by 568.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 294,038 shares of the company’s stock worth $432,000 after buying an additional 250,080 shares during the last quarter. Schwab Charles Investment Management Inc. bought a new stake in shares of Uni-Pixel during the second quarter worth $238,000. Brandes Investment Partners LP bought a new stake in shares of Uni-Pixel during the second quarter worth $163,000. Finally, Cannell Peter B & Co. Inc. bought a new stake in shares of Uni-Pixel during the second quarter worth $147,000. 9.19% of the stock is currently owned by institutional investors and hedge funds.
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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