Shares of Universal Electronics Inc. (NASDAQ:UEIC – Get Rating) have been assigned a consensus rating of “Buy” from the six analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and three have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $64.33.
Several research analysts recently issued reports on the stock. StockNews.com upgraded shares of Universal Electronics from a “hold” rating to a “buy” rating in a research report on Friday. TheStreet lowered shares of Universal Electronics from a “c” rating to a “d+” rating in a research report on Thursday, May 5th. Zacks Investment Research lowered shares of Universal Electronics from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Finally, B. Riley cut their price target on shares of Universal Electronics from $62.00 to $53.00 in a research report on Friday, February 18th.
In other Universal Electronics news, Director William C. Mulligan bought 6,500 shares of the firm’s stock in a transaction on Tuesday, February 22nd. The stock was acquired at an average price of $31.84 per share, with a total value of $206,960.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 7.09% of the stock is owned by corporate insiders.
Universal Electronics stock opened at $26.87 on Friday. The stock has a market cap of $339.37 million, a P/E ratio of -68.90 and a beta of 1.10. Universal Electronics has a fifty-two week low of $26.09 and a fifty-two week high of $53.07. The firm’s fifty day moving average price is $30.30 and its 200-day moving average price is $34.78.
Universal Electronics (NASDAQ:UEIC – Get Rating) last released its quarterly earnings results on Thursday, May 5th. The technology company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.15). Universal Electronics had a negative return on equity of 1.60% and a negative net margin of 0.79%. The firm had revenue of $132.41 million during the quarter, compared to the consensus estimate of $135.06 million. As a group, equities research analysts forecast that Universal Electronics will post 0.51 EPS for the current year.
About Universal Electronics (Get Rating)
Universal Electronics Inc designs, develops, manufactures, and sells pre-programmed and universal control products, audio-video (AV) accessories, and intelligent wireless security and smart home products for video services, consumer electronics, security, home automation, climate control, and home appliance markets.
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