Universal Electronics (NASDAQ:UEIC) Stock Price Passes Above Two Hundred Day Moving Average of $8.76

Universal Electronics Inc. (NASDAQ:UEIC) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.76 and traded as high as $9.91. Universal Electronics shares last traded at $9.80, with a volume of 20,330 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. StockNews.com raised Universal Electronics from a “hold” rating to a “buy” rating in a research note on Friday, March 15th. B. Riley raised their target price on shares of Universal Electronics from $9.00 to $10.50 and gave the stock a “neutral” rating in a research report on Friday, February 16th.

Universal Electronics Trading Up 0.6 %

The company has a market cap of $127.11 million, a PE ratio of -1.28 and a beta of 1.14. The stock has a 50 day moving average price of $9.44 and a 200 day moving average price of $8.76.

Universal Electronics (NASDAQ:UEIC) last posted its quarterly earnings data on Thursday, February 15th. The technology company reported ($0.55) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.28). Universal Electronics had a negative return on equity of 25.49% and a negative net margin of 23.36%. The firm had revenue of $97.59 million during the quarter, compared to the consensus estimate of $97.52 million. Equities analysts expect that Universal Electronics Inc. will post -0.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of UEIC. Raymond James & Associates grew its holdings in Universal Electronics by 17.2% in the third quarter. Raymond James & Associates now owns 15,044 shares of the technology company’s stock worth $136,000 after purchasing an additional 2,206 shares during the period. Howland Capital Management LLC grew its stake in shares of Universal Electronics by 20.9% in the 4th quarter. Howland Capital Management LLC now owns 21,042 shares of the technology company’s stock worth $198,000 after buying an additional 3,642 shares during the last quarter. Barclays PLC increased its position in Universal Electronics by 58.2% during the 3rd quarter. Barclays PLC now owns 25,988 shares of the technology company’s stock valued at $235,000 after buying an additional 9,557 shares in the last quarter. Quadrature Capital Ltd raised its stake in Universal Electronics by 129.3% during the third quarter. Quadrature Capital Ltd now owns 39,149 shares of the technology company’s stock valued at $354,000 after buying an additional 22,075 shares during the last quarter. Finally, Clearstead Advisors LLC raised its stake in Universal Electronics by 2.8% during the third quarter. Clearstead Advisors LLC now owns 45,434 shares of the technology company’s stock valued at $411,000 after buying an additional 1,250 shares during the last quarter. 79.35% of the stock is owned by hedge funds and other institutional investors.

Universal Electronics Company Profile

Universal Electronics Inc designs, develops, manufactures, ships, and supports control and sensor technology solutions in the United States, the People's Republic of China, rest of Asia, Europe, Latin America, and internationally. The company offers voice-enabled automatically-programmed universal two-way radio frequency, as well as infrared remote controls to video service providers, original equipment manufacturers (OEMs), retailers, and private label customers; wall-mount and handheld thermostat controllers and connected accessories for smart energy management systems to OEM customers, hotels, hospitality, and system integrators; proprietary and standards-based RF sensors for residential security, safety, and home automation applications; and integrated circuits on which its software and universal device control database is embedded to OEMs, video service providers, and private label customers.