Universal Electronics Inc. (NASDAQ:UEIC - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.80 and traded as high as $4.46. Universal Electronics shares last traded at $4.38, with a volume of 29,975 shares trading hands.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on UEIC. Wall Street Zen raised shares of Universal Electronics from a "hold" rating to a "buy" rating in a research report on Saturday, March 21st. Weiss Ratings raised shares of Universal Electronics from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Wednesday, April 22nd. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Reduce" and a consensus target price of $5.75.
Get Our Latest Report on Universal Electronics
Universal Electronics Stock Up 1.2%
The stock has a market capitalization of $55.23 million, a PE ratio of -3.13 and a beta of 1.23. The stock's 50-day moving average is $4.14 and its 200 day moving average is $3.80.
Institutional Trading of Universal Electronics
A number of institutional investors have recently added to or reduced their stakes in the business. Man Group plc lifted its stake in Universal Electronics by 2.9% in the fourth quarter. Man Group plc now owns 102,924 shares of the technology company's stock valued at $372,000 after acquiring an additional 2,905 shares during the last quarter. Empowered Funds LLC lifted its stake in Universal Electronics by 8.4% in the first quarter. Empowered Funds LLC now owns 48,816 shares of the technology company's stock valued at $299,000 after acquiring an additional 3,802 shares during the last quarter. Bridgeway Capital Management LLC lifted its stake in Universal Electronics by 3.3% in the second quarter. Bridgeway Capital Management LLC now owns 131,164 shares of the technology company's stock valued at $868,000 after acquiring an additional 4,143 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Universal Electronics by 15.6% in the first quarter. Goldman Sachs Group Inc. now owns 36,341 shares of the technology company's stock valued at $222,000 after acquiring an additional 4,893 shares during the last quarter. Finally, State Street Corp lifted its stake in Universal Electronics by 9.7% in the fourth quarter. State Street Corp now owns 56,520 shares of the technology company's stock valued at $204,000 after acquiring an additional 5,000 shares during the last quarter. 79.35% of the stock is currently owned by institutional investors and hedge funds.
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.
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