Universal Electronics (NASDAQ:UEIC) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Universal Electronics Inc. (NASDAQ:UEIC)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.12 and traded as high as $4.55. Universal Electronics shares last traded at $4.50, with a volume of 27,176 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Weiss Ratings raised Universal Electronics from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 23rd. Wall Street Zen cut Universal Electronics from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $5.75.

Universal Electronics Price Performance

The stock’s fifty day simple moving average is $4.24 and its 200-day simple moving average is $4.12. The firm has a market cap of $56.84 million, a PE ratio of -3.00 and a beta of 1.19.

Universal Electronics (NASDAQ:UEIC) last released its earnings results on Monday, May 11th. The technology company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.07). The firm had revenue of $79.04 million during 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.

Hedge Funds Weigh In On Universal Electronics

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Kent Lake PR LLC boosted its holdings in shares of Universal Electronics by 17.2% in the 2nd 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. lifted 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 purchasing an additional 164,617 shares during the period. Peapod Lane Capital LLC boosted its holdings in Universal Electronics by 56.5% in the fourth quarter. Peapod Lane Capital LLC now owns 455,543 shares of the technology company’s stock valued at $1,645,000 after purchasing an additional 164,379 shares during the last quarter. First Eagle Investment Management LLC grew its position in 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 during the period. Finally, Marquette Asset Management LLC acquired a new stake in Universal Electronics during the 2nd quarter worth about $303,000. Institutional investors and hedge funds own 79.35% of the company’s stock.

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.