Universal Electronics (NASDAQ:UEIC) Stock Crosses Above 200 Day Moving Average – What’s Next?

Shares of Universal Electronics Inc. (NASDAQ:UEIC) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 trading hands.

Analyst Upgrades and Downgrades

Several analysts have issued reports on UEIC shares. Wall Street Zen lowered Universal Electronics from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings raised Universal Electronics from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 23rd. Two equities 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.com, the stock has an average rating of “Reduce” and an average target price of $5.75.

Universal Electronics Trading Up 1.7%

The business has a 50-day moving average price of $4.13 and a 200 day moving average price of $3.98. The stock has a market capitalization of $60.25 million, a P/E ratio of -3.18 and a beta of 1.19.

Universal Electronics (NASDAQ:UEIC) last issued its quarterly earnings data on Monday, May 11th. The technology company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.07). The company had revenue of $79.04 million for the quarter, compared to analysts’ expectations 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

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC raised its holdings in shares of 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 in the last quarter. Goldman Sachs Group Inc. grew its holdings in Universal Electronics by 15.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 36,341 shares of the technology company’s stock worth $222,000 after acquiring an additional 4,893 shares in the last quarter. Empowered Funds LLC increased its position in Universal Electronics by 8.4% during the 1st quarter. Empowered Funds LLC now owns 48,816 shares of the technology company’s stock valued at $299,000 after purchasing an additional 3,802 shares during the period. Kent Lake PR LLC raised 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 purchasing an additional 185,014 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Universal Electronics by 23.2% in the 2nd 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 in the last quarter. Institutional investors 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.