Universal Electronics (NASDAQ:UEIC) Shares Cross Above 200 Day Moving Average – Here’s Why

Universal Electronics Inc. (NASDAQ:UEIC) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.17 and traded as high as $4.73. Universal Electronics shares last traded at $4.59, with a volume of 18,247 shares traded.

Wall Street Analyst Weigh In

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

Universal Electronics Stock Performance

The business has a 50 day simple moving average of $4.34 and a 200-day simple moving average of $4.17. The firm has a market cap of $57.97 million, a price-to-earnings ratio of -3.06 and a beta of 1.19.

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

Institutional Investors Weigh In On Universal Electronics

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kent Lake PR LLC raised its position in Universal Electronics by 17.2% in the 2nd quarter. Kent Lake PR LLC now owns 1,260,642 shares of the technology company’s stock valued at $8,345,000 after buying an additional 185,014 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Universal Electronics by 23.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 875,458 shares of the technology company’s stock worth $5,796,000 after acquiring an additional 164,617 shares during the last quarter. Peapod Lane Capital LLC grew its stake in shares of Universal Electronics by 56.5% in the 4th quarter. Peapod Lane Capital LLC now owns 455,543 shares of the technology company’s stock worth $1,645,000 after acquiring an additional 164,379 shares in the last quarter. First Eagle Investment Management LLC grew its stake in shares of Universal Electronics by 44.3% in the 4th quarter. First Eagle Investment Management LLC now owns 240,148 shares of the technology company’s stock worth $867,000 after acquiring an additional 73,712 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Universal Electronics by 1.4% in the first quarter. Renaissance Technologies LLC now owns 215,723 shares of the technology company’s stock valued at $889,000 after purchasing an additional 3,071 shares during the last quarter. 79.35% of the stock is owned by hedge funds and other institutional investors.

Universal Electronics Company Profile

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.