Universal Electronics (NASDAQ:UEIC) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Universal Electronics Inc. (NASDAQ:UEIC) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.92 and traded as high as $4.08. Universal Electronics shares last traded at $4.04, with a volume of 66,120 shares traded.

Analyst Ratings Changes

Several research firms have recently weighed in on UEIC. Wall Street Zen cut Universal Electronics from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings lowered shares of Universal Electronics from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, June 9th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Universal Electronics has a consensus rating of “Reduce” and a consensus price target of $5.75.

Universal Electronics Price Performance

The firm has a 50 day moving average of $4.10 and a 200-day moving average of $3.93. The stock has a market capitalization of $53.68 million, a P/E ratio of -2.83 and a beta of 1.22.

Universal Electronics (NASDAQ:UEIC) last announced 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). Universal Electronics had a positive return on equity of 0.41% and a negative net margin of 5.54%.The firm had revenue of $79.04 million during the quarter, compared to the consensus estimate of $73.86 million. Universal Electronics has set its FY 2026 guidance at 0.450-0.650 EPS.

Institutional Investors Weigh In On Universal Electronics

A number of institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC acquired a new position in shares of Universal Electronics in the 3rd quarter valued at $64,000. Quadrature Capital Ltd boosted its position 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 valued at $90,000 after acquiring an additional 8,044 shares in the last quarter. Prelude Capital Management LLC boosted its position in shares of Universal Electronics by 88.7% during the 3rd quarter. Prelude Capital Management LLC now owns 29,161 shares of the technology company’s stock valued at $136,000 after acquiring an additional 13,705 shares in the last quarter. Heron Bay Capital Management acquired a new stake in shares of Universal Electronics during the 3rd quarter valued at about $148,000. Finally, Cubist Systematic Strategies LLC increased its stake in Universal Electronics by 62.7% in the first quarter. Cubist Systematic Strategies LLC now owns 32,502 shares of the technology company’s stock valued at $199,000 after acquiring an additional 12,526 shares during the period. Institutional investors and hedge funds 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.