Universal Electronics (NASDAQ:UEIC) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of Universal Electronics Inc. (NASDAQ:UEIC) crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $4.49 and traded as high as $5.74. Universal Electronics shares last traded at $5.67, with a volume of 32,706 shares traded.

Wall Street Analyst Weigh In

Several research firms recently commented on UEIC. Wall Street Zen raised shares of Universal Electronics to a “buy” rating in a research report on Saturday, September 12th. Rosenblatt Securities reiterated a “neutral” rating and set a $5.00 target price on shares of Universal Electronics in a report on Friday, August 7th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Universal Electronics in a research note on Friday, September 18th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Universal Electronics currently has a consensus rating of “Reduce” and a consensus target price of $4.25.

Universal Electronics Trading Up 2.9%

The company has a market capitalization of $73.09 million, a P/E ratio of -4.89 and a beta of 1.19. The firm’s 50 day moving average price is $4.92 and its two-hundred day moving average price is $4.49.

Universal Electronics (NASDAQ:UEIC) last announced its quarterly earnings data on Thursday, August 6th. The technology company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.31. The business had revenue of $73.24 million for the quarter, compared to analyst estimates of $78.13 million. Universal Electronics had a negative net margin of 4.57% and a positive return on equity of 2.70%. Universal Electronics has set its FY 2026 guidance at 0.450-0.650 EPS.

Universal Electronics Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, August 24th will be issued a $0.24 dividend. The ex-dividend date is Monday, August 24th.

Insider Activity

In related news, insider Toro 18 Holdings Llc sold 105,541 shares of the company’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $4.63, for a total transaction of $488,654.83. Following the sale, the insider owned 1,101,832 shares in the company, valued at approximately $5,101,482.16. This represents a 8.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 442,815 shares of company stock valued at $2,201,304 over the last 90 days. 17.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. GSA Capital Partners LLP bought a new stake in shares of Universal Electronics during the 2nd quarter worth approximately $83,000. Hsbc Holdings PLC acquired a new stake in shares of Universal Electronics in the 2nd quarter valued at approximately $108,000. Man Group plc bought a new position in shares of Universal Electronics in the second quarter valued at $241,000. Empowered Funds LLC grew its stake in shares of Universal Electronics by 4.7% in the first quarter. Empowered Funds LLC now owns 69,266 shares of the technology company’s stock valued at $285,000 after buying an additional 3,088 shares in the last quarter. Finally, Marquette Asset Management LLC bought a new position in shares of Universal Electronics in the second quarter valued at $303,000. 79.35% of the stock is currently owned by institutional investors.

Universal Electronics Company Profile

Universal Electronics Inc (NASDAQ: UEIC) designs, develops, manufactures and distributes control and connectivity products for home entertainment and smart-home systems. Its offerings include universal remote controls, streaming-device remotes, replacement remotes, wireless and connected-home products, and related software and technology solutions.

The company serves consumers, retailers, consumer-electronics manufacturers, cable and satellite providers, telecommunications companies and other service providers.