Universal Electronics (NASDAQ:UEIC) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Shares of Universal Electronics Inc. (NASDAQ:UEIC) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.17 and traded as high as $4.73. Universal Electronics shares last traded at $4.59, with a volume of 18,247 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on UEIC. Wall Street Zen lowered Universal Electronics from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings upgraded Universal Electronics from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 23rd. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $5.75.

Universal Electronics Stock Down 0.2%

The stock’s fifty day moving average price is $4.35 and its 200-day moving average price is $4.18. The company has a market capitalization of $57.85 million, a price-to-earnings ratio of -3.05 and a beta of 1.19.

Universal Electronics (NASDAQ:UEIC) last released its quarterly earnings data on Monday, May 11th. The technology company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.07). Universal Electronics had a negative net margin of 5.54% and a positive return on equity of 0.41%. The company had revenue of $79.04 million during the quarter, compared to analyst estimates of $73.86 million. Universal Electronics has set its FY 2026 guidance at 0.450-0.650 EPS.

Institutional Trading of Universal Electronics

Several hedge funds and other institutional investors have recently modified their holdings of UEIC. Kent Lake PR LLC boosted its position in shares of Universal Electronics by 17.2% in the second quarter. Kent Lake PR LLC now owns 1,260,642 shares of the technology company’s stock valued at $8,345,000 after acquiring an additional 185,014 shares during the period. Ameriprise Financial Inc. raised its position in Universal Electronics by 23.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 875,458 shares of the technology company’s stock worth $5,796,000 after purchasing an additional 164,617 shares during the last quarter. Peapod Lane Capital LLC boosted its stake in shares of Universal Electronics by 56.5% in the 4th quarter. Peapod Lane Capital LLC now owns 455,543 shares of the technology company’s stock valued at $1,645,000 after purchasing an additional 164,379 shares during the last quarter. First Eagle Investment Management LLC grew its stake in Universal Electronics by 44.3% during the fourth quarter. First Eagle Investment Management LLC now owns 240,148 shares of the technology company’s stock worth $867,000 after purchasing an additional 73,712 shares during the period. Finally, Marquette Asset Management LLC acquired a new stake in Universal Electronics in the second quarter worth $303,000. Institutional investors own 79.35% of the company’s stock.

Universal Electronics Company Profile

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.