Universal Electronics (NASDAQ:UEIC) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Universal Electronics Inc. (NASDAQ:UEIC)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.80 and traded as high as $4.07. Universal Electronics shares last traded at $4.03, with a volume of 28,055 shares.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Weiss Ratings cut shares of Universal Electronics from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, May 11th. Wall Street Zen cut shares of Universal Electronics from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Two investment 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, Universal Electronics currently has a consensus rating of “Reduce” and a consensus target price of $5.75.

Universal Electronics Trading Down 0.2%

The stock has a market capitalization of $50.90 million, a PE ratio of -2.69 and a beta of 1.23. The firm’s 50-day simple moving average is $4.20 and its two-hundred day simple moving average is $3.80.

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

Institutional Investors Weigh In On Universal Electronics

Institutional investors have recently modified their holdings of the stock. Peapod Lane Capital LLC boosted its stake in shares of Universal Electronics by 56.5% during the 4th quarter. Peapod Lane Capital LLC now owns 455,543 shares of the technology company’s stock valued at $1,645,000 after buying an additional 164,379 shares during the period. Bridgeway Capital Management LLC boosted its stake in shares of Universal Electronics by 17.1% during the 4th quarter. Bridgeway Capital Management LLC now owns 158,583 shares of the technology company’s stock valued at $572,000 after buying an additional 23,100 shares during the period. Man Group plc boosted its stake in shares of Universal Electronics by 6.1% during the 3rd quarter. Man Group plc now owns 100,019 shares of the technology company’s stock valued at $466,000 after buying an additional 5,760 shares during the period. Empowered Funds LLC boosted its stake in shares of Universal Electronics by 8.4% during the 1st quarter. Empowered Funds LLC now owns 48,816 shares of the technology company’s stock valued at $299,000 after buying an additional 3,802 shares during the period. Finally, XTX Topco Ltd boosted its stake in shares of Universal Electronics by 41.5% during the 4th quarter. XTX Topco Ltd now owns 36,175 shares of the technology company’s stock valued at $131,000 after buying an additional 10,604 shares during the period. Institutional investors and hedge funds own 79.35% of the company’s stock.

About Universal Electronics

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.