Uni-Pixel Inc. (UNXL) Stock Rating Lowered 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 Thursday.
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. “
Separately, Benchmark Co. restated a “buy” rating and issued a $2.40 price target on shares of Uni-Pixel in a research report on Friday, November 11th.
Shares of Uni-Pixel (NASDAQ:UNXL) opened at 1.30 on Thursday. The stock’s market capitalization is $58.56 million. The stock has a 50 day moving average of $1.42 and a 200 day moving average of $1.53. Uni-Pixel has a 52-week low of $0.35 and a 52-week high of $2.88.
Uni-Pixel (NASDAQ:UNXL) last announced its quarterly earnings results on Thursday, November 10th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.13) by $0.04. Uni-Pixel had a negative return on equity of 197.41% and a negative net margin of 747.42%. The business earned $0.90 million during the quarter, compared to the consensus estimate of $1.22 million. During the same quarter in the prior year, the firm posted ($0.60) EPS. The company’s revenue for the quarter was down 40.0% on a year-over-year basis. Analysts forecast that Uni-Pixel will post ($0.59) earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Brandes Investment Partners LP purchased a new position in Uni-Pixel during the second quarter worth $163,000. Hood River Capital Management LLC purchased a new position in Uni-Pixel during the third quarter worth $1,353,000. Schwab Charles Investment Management Inc. purchased a new position in Uni-Pixel during the second quarter worth $238,000. Bank of New York Mellon Corp boosted 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 during the period. Finally, Cannell Peter B & Co. Inc. purchased a new position in Uni-Pixel during the second quarter worth $147,000. Institutional investors and hedge funds own 10.97% of the company’s stock.
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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