Universal Electronics (NASDAQ:UEIC) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

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 $3.97 and traded as high as $4.86. Universal Electronics shares last traded at $4.77, with a volume of 70,605 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Weiss Ratings raised shares of Universal Electronics from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 23rd. 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 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, the company has a consensus rating of “Reduce” and a consensus price target of $5.75.

Universal Electronics Price Performance

The firm has a market cap of $60.25 million, a P/E ratio of -3.18 and a beta of 1.22. The company has a fifty day moving average of $4.13 and a 200-day moving average of $3.97.

Universal Electronics (NASDAQ:UEIC) last issued its quarterly earnings data on Monday, May 11th. The technology company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.07). The company 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 Inflows and Outflows

A number of large investors have recently made changes to their positions in UEIC. NewEdge Advisors LLC purchased a new position in Universal Electronics during the third quarter worth about $64,000. Quadrature Capital Ltd increased its stake in Universal Electronics by 47.6% in the 4th quarter. Quadrature Capital Ltd now owns 24,957 shares of the technology company’s stock valued at $90,000 after buying an additional 8,044 shares during the last quarter. Prelude Capital Management LLC increased its stake in Universal Electronics by 88.7% in the 3rd quarter. Prelude Capital Management LLC now owns 29,161 shares of the technology company’s stock valued at $136,000 after buying an additional 13,705 shares during the last quarter. Heron Bay Capital Management bought a new position in shares of Universal Electronics during the 3rd quarter worth approximately $148,000. Finally, Cubist Systematic Strategies LLC lifted its position in shares of Universal Electronics by 62.7% during the 1st quarter. Cubist Systematic Strategies LLC now owns 32,502 shares of the technology company’s stock worth $199,000 after buying an additional 12,526 shares in the last quarter. 79.35% of the stock is owned by institutional investors.

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.