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Universal Electronics (NASDAQ:UEIC) EVP Mark S. Kopaskie sold 1,771 shares of Universal Electronics stock on the open market in a transaction dated Friday, August 15th. The shares were sold at an average price of $53.27, for a total transaction of $94,341.17. Following the completion of the transaction, the executive vice president now directly owns 13,075 shares of the company’s stock, valued at approximately $696,505. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Universal Electronics (NASDAQ:UEIC) traded down 0.49% during mid-day trading on Wednesday, hitting $54.63. The stock had a trading volume of 173,541 shares. Universal Electronics has a one year low of $30.01 and a one year high of $55.13. The stock’s 50-day moving average is $49.98 and its 200-day moving average is $42.90. The company has a market cap of $857.7 million and a P/E ratio of 32.62.

Universal Electronics (NASDAQ:UEIC) last announced its earnings results on Thursday, August 7th. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.61 by $0.05. The company had revenue of $146.32 million for the quarter, compared to the consensus estimate of $145.26 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, analysts predict that Universal Electronics will post $2.48 earnings per share for the current fiscal year.

A number of research firms have recently commented on UEIC. Analysts at Dougherty & Co raised their price target on shares of Universal Electronics from $47.00 to $60.00 in a research note on Friday, August 8th. They now have a “buy” rating on the stock. Separately, analysts at Avondale Partners upgraded shares of Universal Electronics from a “market perform” rating to an “outperform” rating in a research note on Tuesday, July 15th. Finally, 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. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $49.58.

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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