UniPixel Inc (NASDAQ:UNXL) Is Downgraded By Zacks

Posted by Lynn Eisler October 14, 2013 0 Comment 827 views

Zacks downgraded UniPixel Inc (NASDAQ:UNXL) shares from a “neutral” to an “underperform” rating on Wednesday and currently have a PT of $17.10 on the stock.

Other analysts have also weighed on UniPixel Inc (NASDAQ:UNXL) stock. Cowen and Company analysts reiterated their “outperform” rating on 27 August. Once investment-analyst has assigned a “sell” rating while 4 analysts have assigned a “buy” rating on UniPixel Inc (NASDAQ:UNXL) stock. Currently, the average rating on the company is a “buy” and the average PT is $52.42.

In separate UniPixel Inc (NASDAQ:UNXL) news, Jeffrey Tomz, the company’s Chief Executive officer offloaded 11,000 shares of UniPixel stock in a transaction that was dated 2 October. The SEC filing disclosed that these shares were sold-off at an average-price of $20.00 and the total value of the transaction was $220,000.00.

Friday’s trading

In Friday’s trading, UniPixel Inc (NASDAQ:UNXL) rose by 3.81%. The opening price of the shares was $17.53, which climbed to an intraday high of $18.72 and dipped to a close of $18.24. Approximately 0.925 million shares were traded on Friday while an average volume of 1.32 million shares were traded over a 30 day period. The 52-week low of UniPixel Inc (NASDAQ:UNXL) shares is $5.27 and its 52-week high is $41.42. The company has a market capitalization of $219.56 million.

About the company

UniPixel Inc (NASDAQ:UNXL) is a production stage company that delivers its Performance Engineered Film to the display, touch-screen as well as the flexible electronics markets. UniPixel Inc (NASDAQ:UNXL) has developed thin-film high volume roll to the roll or continuous-flow manufacturing process.

UniPixel Inc (NASDAQ:UNXL) sells its films as sub components that are used in LCD as a back-light film and an active film sub component. The company is shipping its Diamond Guard Finger Print-Resistant and Hard-Coat or Anti-Scratch protective cover films that are used in various touch enabled devices.

About Lynn Eisler

Lynn Eisler is a national news reporter focusing on economic issues, data analysis and the financial health of state and local governments. Lynn has been honored with the H.L. Mencken Award for Investigative Reporting, the Champion of Justice Award for reporting on the drug war, and the John Hancock Award for business reporting. Lynn was also a Knight Medical School Fellow at the University of Michigan.

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