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

Universal Electronics Inc. (NASDAQ:UEIC)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.88 and traded as high as $4.00. Universal Electronics shares last traded at $3.93, with a volume of 41,720 shares.

Analyst Ratings Changes

A number of brokerages have weighed in on UEIC. Wall Street Zen lowered Universal Electronics from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings lowered Universal Electronics from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Universal Electronics currently has an average rating of “Reduce” and a consensus target price of $5.75.

Universal Electronics Stock Performance

The firm has a market capitalization of $49.64 million, a price-to-earnings ratio of -2.62 and a beta of 1.22. The business has a fifty day moving average price of $4.14 and a 200 day moving average price of $3.88.

Universal Electronics (NASDAQ:UEIC) last released its quarterly earnings data 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 analyst estimates of $73.86 million. Universal Electronics had a positive return on equity of 0.41% and a negative net margin of 5.54%.Universal Electronics has set its FY 2026 guidance at 0.450-0.650 EPS.

Institutional Trading of Universal Electronics

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Empowered Funds LLC increased its holdings in shares of Universal Electronics by 4.7% during the 1st quarter. Empowered Funds LLC now owns 69,266 shares of the technology company’s stock worth $285,000 after buying an additional 3,088 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Universal Electronics by 1.4% during the 1st quarter. Renaissance Technologies LLC now owns 215,723 shares of the technology company’s stock worth $889,000 after buying an additional 3,071 shares during the last quarter. XTX Topco Ltd increased its holdings 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 worth $131,000 after buying an additional 10,604 shares during the last quarter. Quadrature Capital Ltd increased its holdings in shares of Universal Electronics by 47.6% during the 4th quarter. Quadrature Capital Ltd now owns 24,957 shares of the technology company’s stock worth $90,000 after buying an additional 8,044 shares during the last quarter. Finally, Man Group plc increased its holdings in shares of Universal Electronics by 2.9% during the 4th quarter. Man Group plc now owns 102,924 shares of the technology company’s stock worth $372,000 after buying an additional 2,905 shares during the last quarter. 79.35% of the stock is currently owned by institutional investors and hedge funds.

Universal Electronics Company Profile

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.