Insider Selling: Universal Electronics Director Sells 6,104 Shares of Stock (UEIC)
Universal Electronics (NASDAQ:UEIC) Director J C. Sparkman sold 6,104 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $41.11, for a total transaction of $250,935.44. Following the sale, the director now directly owns 41,367 shares in the company, valued at approximately $1,700,597. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Universal Electronics (NASDAQ:UEIC) traded up 4.43% during mid-day trading on Wednesday, hitting $43.17. The stock had a trading volume of 64,408 shares. Universal Electronics has a 1-year low of $18.50 and a 1-year high of $43.25. The stock has a 50-day moving average of $36.68 and a 200-day moving average of $35.85. The company has a market cap of $677.9 million and a price-to-earnings ratio of 28.12.
Universal Electronics (NASDAQ:UEIC) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.48 by $0.01. The company had revenue of $136.10 million for the quarter, compared to the consensus estimate of $129.89 million. On average, analysts predict that Universal Electronics will post $2.30 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Universal Electronics from a “neutral” rating to an “outperform” rating in a research note on Tuesday, December 31st. They now have a $40.60 price target on the stock. Analysts at Piper Jaffray initiated coverage on shares of Universal Electronics in a research note on Monday, December 9th. They set an “overweight” rating and a $43.00 price target on the stock. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $39.15.
Universal Electronics Inc develops and manufactures a line of pre-programmed universal wireless remote control products, audio-video accessories, and software that are marketed for home entertainment systems.
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