Universal Electronics (NASDAQ:UEIC) Stock Price Crosses Above 200-Day Moving Average of $9.80

Universal Electronics Inc. (NASDAQ:UEIC)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.80 and traded as high as $11.43. Universal Electronics shares last traded at $11.34, with a volume of 46,922 shares traded.

Wall Street Analysts Forecast Growth

UEIC has been the subject of a number of recent research reports. Rosenblatt Securities restated a “neutral” rating and issued a $15.00 target price on shares of Universal Electronics in a research note on Friday, May 3rd. B. Riley increased their price objective on shares of Universal Electronics from $10.50 to $11.00 and gave the company a “neutral” rating in a research note on Monday, May 6th. Finally, StockNews.com upgraded shares of Universal Electronics from a “hold” rating to a “buy” rating in a research report on Friday, March 15th.

Universal Electronics Trading Up 3.0 %

The stock has a fifty day moving average price of $11.42 and a 200-day moving average price of $9.80. The firm has a market capitalization of $146.17 million, a price-to-earnings ratio of -3.21 and a beta of 1.13.

Universal Electronics (NASDAQ:UEIC) last released its quarterly earnings data on Thursday, May 2nd. The technology company reported ($0.34) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.39) by $0.05. Universal Electronics had a negative return on equity of 22.59% and a negative net margin of 11.27%. The firm had revenue of $91.90 million during the quarter, compared to analyst estimates of $90.55 million. On average, equities analysts expect that Universal Electronics Inc. will post -0.38 EPS for the current year.

Hedge Funds Weigh In On Universal Electronics

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UEIC. Ancora Advisors LLC acquired a new stake in shares of Universal Electronics during the third quarter worth approximately $1,486,000. Kent Lake Capital LLC acquired a new stake in Universal Electronics during the 1st quarter valued at $1,588,000. AMH Equity Ltd raised its position in Universal Electronics by 35.1% in the 4th quarter. AMH Equity Ltd now owns 400,000 shares of the technology company’s stock valued at $3,756,000 after purchasing an additional 104,000 shares during the last quarter. GSA Capital Partners LLP boosted its stake in Universal Electronics by 261.2% in the third quarter. GSA Capital Partners LLP now owns 122,694 shares of the technology company’s stock worth $1,110,000 after purchasing an additional 88,724 shares in the last quarter. Finally, Acadian Asset Management LLC grew its holdings in shares of Universal Electronics by 16.7% during the third quarter. Acadian Asset Management LLC now owns 442,976 shares of the technology company’s stock worth $4,007,000 after purchasing an additional 63,367 shares during the last quarter. 79.35% of the stock is currently owned by institutional investors and hedge funds.

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.