Universal Electronics (NASDAQ:UEIC) Stock Price Crosses Above 200 Day Moving Average of $8.70

Shares of Universal Electronics Inc. (NASDAQ:UEIC) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.70 and traded as high as $10.23. Universal Electronics shares last traded at $10.18, with a volume of 35,183 shares.

Analyst Ratings Changes

UEIC has been the topic of several research analyst reports. StockNews.com upgraded shares of Universal Electronics from a “hold” rating to a “buy” rating in a research note on Friday, March 15th. B. Riley boosted their price target on shares of Universal Electronics from $9.00 to $10.50 and gave the stock a “neutral” rating in a research note on Friday, February 16th.

Universal Electronics Stock Performance

The business’s fifty day moving average price is $9.25 and its two-hundred day moving average price is $8.70. The stock has a market capitalization of $132.03 million, a P/E ratio of -1.33 and a beta of 1.14.

Universal Electronics (NASDAQ:UEIC) last posted its earnings results on Thursday, February 15th. The technology company reported ($0.55) earnings per share 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 business had revenue of $97.59 million during the quarter, compared to the consensus estimate of $97.52 million. As a group, analysts forecast that Universal Electronics Inc. will post -0.31 earnings per share for the current year.

Institutional Trading of Universal Electronics

A number of large investors have recently made changes to their positions in UEIC. Tower Research Capital LLC TRC increased its holdings in shares of Universal Electronics by 117.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,408 shares of the technology company’s stock worth $28,000 after buying an additional 761 shares during the last quarter. Deutsche Bank AG grew its holdings in Universal Electronics by 31.7% during the 1st quarter. Deutsche Bank AG now owns 7,546 shares of the technology company’s stock valued at $77,000 after purchasing an additional 1,815 shares during the last quarter. Teachers Retirement System of The State of Kentucky bought a new position in Universal Electronics during the 3rd quarter valued at about $80,000. BNP Paribas Arbitrage SNC grew its holdings in Universal Electronics by 65.6% during the 1st quarter. BNP Paribas Arbitrage SNC now owns 8,874 shares of the technology company’s stock valued at $90,000 after purchasing an additional 3,516 shares during the last quarter. Finally, UBS Group AG grew its holdings in Universal Electronics by 64.9% during the 4th quarter. UBS Group AG now owns 5,363 shares of the technology company’s stock valued at $112,000 after purchasing an additional 2,111 shares during the last quarter. 79.35% of the stock is currently owned by institutional investors.

About Universal Electronics

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.