Shares of Uni-Pixel, Inc. (NASDAQ:UNXL) dropped 13.2% during trading on Friday following a dissappointing earnings announcement. The stock traded as low as $0.29 and last traded at $0.30, with a volume of 1,462,980 shares trading hands. The stock had previously closed at $0.34.
The electronics maker reported ($0.20) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by $0.04. The business had revenue of $1.30 million during the quarter, compared to analyst estimates of $2.25 million. Uni-Pixel had a negative net margin of 619.07% and a negative return on equity of 290.64%. The company’s quarterly revenue was up 30.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.16) earnings per share.
UNXL has been the topic of several analyst reports. ValuEngine lowered shares of Uni-Pixel from a “sell” rating to a “strong sell” rating in a report on Friday, June 2nd. Zacks Investment Research lowered shares of Uni-Pixel from a “hold” rating to a “sell” rating in a report on Wednesday, May 17th. Finally, Roth Capital lowered shares of Uni-Pixel from a “buy” rating to a “neutral” rating in a report on Friday, May 12th.
A hedge fund recently raised its stake in Uni-Pixel stock. Vanguard Group Inc. increased its stake in Uni-Pixel, Inc. (NASDAQ:UNXL) by 2.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,004,664 shares of the electronics maker’s stock after buying an additional 53,803 shares during the period. Vanguard Group Inc. owned approximately 3.36% of Uni-Pixel worth $766,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 9.71% of the company’s stock.
The company’s market capitalization is $17.59 million. The stock has a 50 day moving average of $0.37 and a 200 day moving average of $0.69.
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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