Universal Electronics Director William C. Mulligan Sells 1,000 Shares (UEIC)
Universal Electronics (NASDAQ:UEIC) Director William C. Mulligan sold 1,000 shares of the stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $56.00, for a total value of $56,000.00. Following the transaction, the director now directly owns 10,566 shares of the company’s stock, valued at approximately $591,696. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
UEIC has been the subject of a number of recent research reports. 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. 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. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $49.58.
Universal Electronics (NASDAQ:UEIC) traded up 1.83% during mid-day trading on Thursday, hitting $55.20. 245,528 shares of the company’s stock traded hands. Universal Electronics has a 1-year low of $30.28 and a 1-year high of $55.99. The stock’s 50-day moving average is $51.54 and its 200-day moving average is $44.37. The company has a market cap of $866.6 million and a P/E ratio of 32.21.
Universal Electronics (NASDAQ:UEIC) last released its earnings data on Thursday, August 7th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the 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.
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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