Uni-Pixel, Inc. (NASDAQ:UNXL)’s share price was down 13.2% during mid-day trading on Friday following a weaker than expected earnings announcement. The company traded as low as $0.29 and last traded at $0.30, with a volume of 1,462,980 shares. The stock had previously closed at $0.34.

The electronics maker reported ($0.20) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.16) by $0.04. Uni-Pixel had a negative return on equity of 290.64% and a negative net margin of 619.07%. The firm had revenue of $1.30 million for the quarter, compared to analyst estimates of $2.25 million. During the same quarter last year, the firm posted ($0.16) EPS. The firm’s revenue for the quarter was up 30.0% on a year-over-year basis.

A number of analysts have recently commented on UNXL shares. Roth Capital cut Uni-Pixel from a “buy” rating to a “neutral” rating in a research report on Friday, May 12th. Zacks Investment Research cut Uni-Pixel from a “hold” rating to a “sell” rating in a research report on Wednesday, May 17th. Finally, ValuEngine cut Uni-Pixel from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd.

A hedge fund recently raised its stake in Uni-Pixel stock. Hood River Capital Management LLC increased its stake in shares of Uni-Pixel, Inc. (NASDAQ:UNXL) by 3.4% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 996,762 shares of the electronics maker’s stock after buying an additional 32,942 shares during the period. Hood River Capital Management LLC owned about 1.79% of Uni-Pixel worth $847,000 as of its most recent filing with the SEC. 9.71% of the stock is currently owned by hedge funds and other institutional investors.

The company’s market cap is $17.59 million. The stock’s 50-day moving average is $0.38 and its 200 day moving average is $0.69.

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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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