Universal Electronics (NASDAQ:UEIC) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Universal Electronics Inc. (NASDAQ:UEIC)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.84 and traded as high as $4.13. Universal Electronics shares last traded at $3.98, with a volume of 35,376 shares.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on UEIC. Wall Street Zen downgraded shares of Universal Electronics from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings upgraded shares of Universal Electronics from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, May 26th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $5.75.

Universal Electronics Stock Down 1.5%

The firm has a market cap of $50.27 million, a P/E ratio of -2.65 and a beta of 1.22. The stock’s 50-day simple moving average is $4.18 and its 200 day simple moving average is $3.84.

Universal Electronics (NASDAQ:UEIC) last issued its quarterly earnings results on Monday, May 11th. The technology company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.07). The firm had revenue of $79.04 million for the quarter, compared to the consensus estimate 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 Trading of Universal Electronics

A number of institutional investors have recently bought and sold shares of the company. Kent Lake PR LLC boosted its position in Universal Electronics by 17.2% during the second quarter. Kent Lake PR LLC now owns 1,260,642 shares of the technology company’s stock valued at $8,345,000 after acquiring an additional 185,014 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Universal Electronics by 23.2% during the second quarter. Ameriprise Financial Inc. now owns 875,458 shares of the technology company’s stock valued at $5,796,000 after acquiring an additional 164,617 shares during the last quarter. Peapod Lane Capital LLC boosted its position 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 worth $1,645,000 after purchasing an additional 164,379 shares in the last quarter. First Eagle Investment Management LLC boosted its position in shares of Universal Electronics by 44.3% during the 4th quarter. First Eagle Investment Management LLC now owns 240,148 shares of the technology company’s stock worth $867,000 after purchasing an additional 73,712 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of Universal Electronics by 2.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 239,044 shares of the technology company’s stock worth $863,000 after purchasing an additional 6,455 shares in the last quarter. Institutional investors 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.