Universal Electronics Inc. (UEIC) Insider David Cheung Hyen Chong Sells 11,550 Shares
Universal Electronics Inc. (NASDAQ:UEIC) insider David Cheung Hyen Chong sold 11,550 shares of the stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $50.31, for a total value of $581,080.50. Following the completion of the transaction, the insider now directly owns 31,657 shares in the company, valued at approximately $1,592,663.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Universal Electronics Inc. (NASDAQ:UEIC) traded down $1.15 during midday trading on Friday, reaching $48.15. 73,612 shares of the company’s stock traded hands, compared to its average volume of 67,246. The company has a quick ratio of 0.80, a current ratio of 1.34 and a debt-to-equity ratio of 0.05. Universal Electronics Inc. has a one year low of $48.00 and a one year high of $74.85. The firm has a market capitalization of $718.15, a P/E ratio of 23.24, a PEG ratio of 1.59 and a beta of 1.52.
Universal Electronics (NASDAQ:UEIC) last released its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.04). Universal Electronics had a net margin of 1.45% and a return on equity of 11.27%. The company had revenue of $175.51 million during the quarter, compared to analyst estimates of $182.53 million. During the same quarter in the prior year, the company earned $0.93 EPS. The business’s revenue was up 3.0% on a year-over-year basis. sell-side analysts anticipate that Universal Electronics Inc. will post 2.11 earnings per share for the current year.
Several equities analysts recently commented on UEIC shares. Zacks Investment Research lowered Universal Electronics from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 5th. B. Riley set a $77.00 target price on Universal Electronics and gave the company a “buy” rating in a report on Tuesday, October 31st. Piper Jaffray Companies dropped their target price on Universal Electronics to $70.00 and set an “overweight” rating on the stock in a report on Friday, November 3rd. ValuEngine raised Universal Electronics from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Finally, BidaskClub lowered Universal Electronics from a “sell” rating to a “strong sell” rating in a report on Tuesday. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Universal Electronics currently has an average rating of “Hold” and an average target price of $72.75.
COPYRIGHT VIOLATION WARNING: This story was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The correct version of this story can be viewed at https://www.thecerbatgem.com/2017/12/08/universal-electronics-inc-ueic-insider-david-cheung-hyen-chong-sells-11550-shares.html.
Universal Electronics Company Profile
Universal Electronics Inc (UEI) develops control and sensor technology solutions and manufactures a line of pre-programmed and universal remote control products, audio-video (AV) accessories, and intelligent wireless security and automation components. The Company’s offerings include pre-programmed universal infrared (IR) and radio frequency (RF) remote controls that are sold primarily to subscription broadcasting providers, original equipment manufacturers (OEMs), retailers, and private label customers, and integrated circuits, on which its software and universal device control database is embedded, sold primarily to OEMs, subscription broadcasting providers, and private label customers.
Receive News & Stock Ratings for Universal Electronics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Electronics Inc. and related stocks with our FREE daily email newsletter.