Universal Electronics (NASDAQ:UEIC) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Universal Electronics Inc. (NASDAQ:UEIC)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.12 and traded as high as $4.55. Universal Electronics shares last traded at $4.50, with a volume of 27,176 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on UEIC shares. Weiss Ratings upgraded shares of Universal Electronics from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 23rd. Wall Street Zen downgraded shares of Universal Electronics from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $5.75.

Universal Electronics Stock Performance

The firm has a market capitalization of $57.72 million, a price-to-earnings ratio of -3.05 and a beta of 1.19. The company has a 50-day moving average price of $4.25 and a 200-day moving average price of $4.12.

Universal Electronics (NASDAQ:UEIC) last issued its earnings results on Monday, May 11th. The technology company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.07). The business had revenue of $79.04 million for the quarter, compared to analyst estimates of $73.86 million. Universal Electronics had a positive return on equity of 0.41% and a negative net margin of 5.54%.Universal Electronics has set its FY 2026 guidance at 0.450-0.650 EPS.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Man Group plc boosted 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 in the last quarter. Renaissance Technologies LLC increased its position in shares of Universal Electronics by 1.4% during the first quarter. Renaissance Technologies LLC now owns 215,723 shares of the technology company’s stock worth $889,000 after purchasing an additional 3,071 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Universal Electronics by 4.7% in the 1st quarter. Empowered Funds LLC now owns 69,266 shares of the technology company’s stock valued at $285,000 after purchasing an additional 3,088 shares during the last quarter. Bridgeway Capital Management LLC lifted its holdings in shares of Universal Electronics by 3.3% in the 2nd quarter. Bridgeway Capital Management LLC now owns 131,164 shares of the technology company’s stock valued at $868,000 after purchasing an additional 4,143 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Universal Electronics by 15.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 36,341 shares of the technology company’s stock valued at $222,000 after purchasing an additional 4,893 shares during the period. Institutional investors and hedge funds own 79.35% of the company’s stock.

About Universal Electronics

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.