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Universal Electronics (NASDAQ:UEIC) shares reached a new 52-week high on Monday , StockRatingsNetwork.com reports. The stock traded as high as $48.62 and last traded at $48.20, with a volume of 87,474 shares traded. The stock had previously closed at $47.64.

Several analysts have recently commented on the stock. Analysts at B. Riley downgraded shares of Universal Electronics from a “buy” rating to a “neutral” rating in a research note on Monday, June 2nd. They now have a $45.75 price target on the stock, down previously from $47.00. Separately, analysts at Sidoti initiated coverage on shares of Universal Electronics in a research note on Thursday, May 29th. They set a “buy” rating on the stock. Finally, analysts at Zacks upgraded shares of Universal Electronics from a “neutral” rating to an “outperform” rating in a research note on Monday, April 14th. They now have a $44.80 price target on the stock. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $41.31.

The stock has a 50-day moving average of $44.30 and a 200-day moving average of $39.59. The company has a market cap of $777.8 million and a P/E ratio of 31.12.

Universal Electronics (NASDAQ:UEIC) last released its earnings data on Thursday, May 1st. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.35 by $0.05. The company had revenue of $129.80 million for the quarter, compared to the consensus estimate of $123.21 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was up 13.2% on a year-over-year basis. On average, analysts predict that Universal Electronics will post $2.35 EPS for the current fiscal year.

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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