Uni-Pixel Inc. (UNXL) Rating Reiterated by Benchmark Co.
Uni-Pixel Inc. (NASDAQ:UNXL)‘s stock had its “buy” rating restated by equities researchers at Benchmark Co. in a research note issued to investors on Friday. They presently have a $2.40 target price on the stock. Benchmark Co.’s price objective suggests a potential upside of 87.50% from the stock’s previous close.
Separately, Zacks Investment Research upgraded shares of Uni-Pixel from a “sell” rating to a “hold” rating in a research report on Tuesday, October 25th.
Shares of Uni-Pixel (NASDAQ:UNXL) opened at 1.34 on Friday. Uni-Pixel has a 52-week low of $0.35 and a 52-week high of $2.88. The firm’s 50-day moving average price is $1.46 and its 200 day moving average price is $1.55. The company’s market capitalization is $60.35 million.
Uni-Pixel (NASDAQ:UNXL) last released its quarterly earnings data on Thursday, November 10th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.13) by $0.04. Uni-Pixel had a negative net margin of 747.42% and a negative return on equity of 197.41%. The company had revenue of $0.90 million for the quarter, compared to the consensus estimate of $1.22 million. During the same period last year, the company earned ($0.60) EPS. The firm’s revenue for the quarter was down 40.0% on a year-over-year basis. On average, equities analysts forecast that Uni-Pixel will post ($0.52) earnings per share for the current year.
Several hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its stake in shares of 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 valued at $104,000 after buying an additional 55,128 shares in the last quarter. Cannell Peter B & Co. Inc. purchased a new stake in Uni-Pixel during the second quarter worth $147,000. BlackRock Fund Advisors raised its stake 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 during the period. Brandes Investment Partners LP purchased a new stake in Uni-Pixel during the second quarter worth $163,000. Finally, Schwab Charles Investment Management Inc. purchased a new stake in Uni-Pixel during the second quarter worth $238,000. Hedge funds and other institutional investors own 10.97% 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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