Universal Electronics (NASDAQ:UEIC) Stock Passes Above 200-Day Moving Average of $8.70

Universal Electronics Inc. (NASDAQ:UEIC) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.70 and traded as high as $10.23. Universal Electronics shares last traded at $10.18, with a volume of 35,183 shares.

Analyst Ratings Changes

UEIC has been the subject of several analyst reports. StockNews.com raised Universal Electronics from a “hold” rating to a “buy” rating in a research note on Friday, March 15th. B. Riley upped their price objective on Universal Electronics from $9.00 to $10.50 and gave the company a “neutral” rating in a research note on Friday, February 16th.

Universal Electronics Price Performance

The firm has a 50-day moving average of $9.29 and a two-hundred day moving average of $8.71.

Universal Electronics (NASDAQ:UEIC) last announced its earnings results on Thursday, February 15th. The technology company reported ($0.55) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.28). The business had revenue of $97.59 million for the quarter, compared to analyst estimates of $97.52 million. Universal Electronics had a negative net margin of 23.36% and a negative return on equity of 25.49%. As a group, analysts predict that Universal Electronics Inc. will post -0.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC grew its holdings in shares of Universal Electronics by 117.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,408 shares of the technology company’s stock valued at $28,000 after acquiring an additional 761 shares in the last quarter. Teachers Retirement System of The State of Kentucky acquired a new position in Universal Electronics during the 3rd quarter worth $80,000. UBS Group AG lifted its position in Universal Electronics by 64.9% during the 4th quarter. UBS Group AG now owns 5,363 shares of the technology company’s stock worth $112,000 after acquiring an additional 2,111 shares during the last quarter. BNP Paribas Arbitrage SNC lifted its position in Universal Electronics by 35.8% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 6,908 shares of the technology company’s stock worth $136,000 after acquiring an additional 1,820 shares during the last quarter. Finally, Citigroup Inc. lifted its position in Universal Electronics by 21.3% during the 4th quarter. Citigroup Inc. now owns 6,972 shares of the technology company’s stock worth $145,000 after acquiring an additional 1,222 shares during the last quarter. Institutional investors own 79.35% of the company’s stock.

About Universal Electronics

Universal Electronics Inc designs, develops, manufactures, ships, and supports control and sensor technology solutions in the United States, the People's Republic of China, rest of Asia, Europe, Latin America, and internationally. The company offers voice-enabled automatically-programmed universal two-way radio frequency, as well as infrared remote controls to video service providers, original equipment manufacturers (OEMs), retailers, and private label customers; wall-mount and handheld thermostat controllers and connected accessories for smart energy management systems to OEM customers, hotels, hospitality, and system integrators; proprietary and standards-based RF sensors for residential security, safety, and home automation applications; and integrated circuits on which its software and universal device control database is embedded to OEMs, video service providers, and private label customers.