Universal Electronics (NASDAQ:UEIC) Shares Break Above 50-Day Moving Average – What’s Next?

Shares of Universal Electronics Inc. (NASDAQ:UEIC) passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $5.08 and traded as high as $5.40. Universal Electronics shares last traded at $5.26, with a volume of 54,693 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on UEIC shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Universal Electronics in a research report on Friday, September 18th. Wall Street Zen downgraded Universal Electronics from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $5.00 target price on shares of Universal Electronics in a research note on Friday, August 7th. Finally, Zacks Research upgraded Universal Electronics to a “hold” rating in a report on Monday, October 5th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $4.25.

Universal Electronics Trading Up 5.8%

The firm has a market cap of $67.80 million, a price-to-earnings ratio of -4.53 and a beta of 1.30. The stock’s fifty day moving average price is $5.08 and its 200-day moving average price is $4.48.

Universal Electronics (NASDAQ:UEIC) last released its quarterly earnings data on Thursday, August 6th. The technology company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.31. The firm had revenue of $73.24 million for the quarter, compared to analysts’ expectations of $78.13 million. Universal Electronics had a positive return on equity of 2.70% and a negative net margin of 4.57%. Universal Electronics has set its FY 2026 guidance at 0.450-0.650 EPS. Analysts predict that Universal Electronics Inc. will post 0.25 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Toro 18 Holdings Llc sold 105,541 shares of the company’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $4.63, for a total value of $488,654.83. Following the transaction, the insider owned 1,101,832 shares of the company’s stock, valued at $5,101,482.16. This represents a 8.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 442,815 shares of company stock valued at $2,201,304 in the last quarter. 17.10% of the stock is owned by insiders.

Institutional Trading of Universal Electronics

Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. purchased a new stake in Universal Electronics in the 2nd quarter valued at about $1,860,000. Renaissance Technologies LLC lifted its position in Universal Electronics by 1.4% in the first quarter. Renaissance Technologies LLC now owns 215,723 shares of the technology company’s stock valued at $889,000 after buying an additional 3,071 shares during the last quarter. Empowered Funds LLC purchased a new position in Universal Electronics during the second quarter worth about $349,000. Marquette Asset Management LLC purchased a new position in Universal Electronics during the second quarter worth about $303,000. Finally, Man Group plc acquired a new stake in shares of Universal Electronics during the second quarter valued at about $241,000. 79.35% of the stock is owned by institutional investors and hedge funds.

Universal Electronics Company Profile

Universal Electronics Inc (NASDAQ: UEIC) designs, develops and distributes consumer electronics products and technologies that simplify the control of home entertainment and smart-home devices. Its offerings include universal remote controls, wireless home-control products, audio and video accessories, and related software and connected-device solutions.

The company serves original equipment manufacturers, subscription television providers, retailers and consumers. Its products are marketed under the One For All and other company brands, as well as through private-label and licensed-brand arrangements.