Universal Electronics Inc. (NASDAQ:UEIC - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.84 and traded as high as $4.33. Universal Electronics shares last traded at $4.15, with a volume of 34,388 shares traded.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on UEIC. Wall Street Zen raised shares of Universal Electronics from a "hold" rating to a "buy" rating in a report on Saturday, March 21st. Weiss Ratings reissued a "sell (e+)" rating on shares of Universal Electronics in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Reduce" and an average price target of $5.75.
Get Our Latest Analysis on UEIC
Universal Electronics Stock Down 4.6%
The stock has a market cap of $52.35 million, a PE ratio of -2.96 and a beta of 1.29. The company has a fifty day moving average price of $4.10 and a 200 day moving average price of $3.84.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of UEIC. Kent Lake PR LLC increased its holdings in shares of Universal Electronics by 17.2% in the second quarter. Kent Lake PR LLC now owns 1,260,642 shares of the technology company's stock worth $8,345,000 after buying an additional 185,014 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Universal Electronics by 377.1% in the third quarter. Assenagon Asset Management S.A. now owns 232,589 shares of the technology company's stock worth $1,084,000 after buying an additional 183,836 shares during the period. Peapod Lane Capital LLC increased its position in shares of Universal Electronics by 130.9% in the third quarter. Peapod Lane Capital LLC now owns 291,164 shares of the technology company's stock valued at $1,357,000 after acquiring an additional 165,079 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Universal Electronics by 23.2% during the second quarter. Ameriprise Financial Inc. now owns 875,458 shares of the technology company's stock valued at $5,796,000 after acquiring an additional 164,617 shares during the last quarter. Finally, AMH Equity Ltd raised its stake in shares of Universal Electronics by 10.9% during the third quarter. AMH Equity Ltd now owns 800,000 shares of the technology company's stock valued at $3,728,000 after acquiring an additional 78,727 shares during the last quarter. Hedge funds and other institutional investors own 79.35% of the company's stock.
About Universal Electronics
(
Get Free Report)
Universal Electronics Inc NASDAQ: UEIC is a leading provider of sensing and control technologies for the smart home and consumer electronics markets. The company specializes in design, development and manufacturing of remote control devices, wireless connectivity modules and integrated sensing solutions. Its core expertise lies in infrared (IR) and radio frequency (RF) remote controls, voice-enabled control devices and universal remotes that allow consumers to manage multiple home entertainment and automation systems through a single interface.
In addition to traditional remote control products, Universal Electronics has expanded its portfolio to include Internet of Things (IoT) gateways, home-automation hubs and cloud-based management platforms.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Universal Electronics, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Universal Electronics wasn't on the list.
While Universal Electronics currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply click the link below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
