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

Shares of Universal Electronics Inc. (NASDAQ:UEIC) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.88 and traded as high as $4.00. Universal Electronics shares last traded at $3.93, with a volume of 41,720 shares.

Analyst Ratings Changes

A number of research firms recently issued reports on UEIC. Weiss Ratings downgraded shares of Universal Electronics from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday. Wall Street Zen downgraded shares of Universal Electronics from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $5.75.

Universal Electronics Price Performance

The stock’s 50 day simple moving average is $4.13 and its two-hundred day simple moving average is $3.88. The firm has a market cap of $49.51 million, a P/E ratio of -2.61 and a beta of 1.22.

Universal Electronics (NASDAQ:UEIC) last announced its earnings results on Monday, May 11th. The technology company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.07). The business had revenue of $79.04 million for the quarter, compared to the consensus estimate 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 Investors Weigh In On Universal Electronics

Several institutional investors and hedge funds have recently made changes to their positions in the company. Man Group plc increased its position in shares of Universal Electronics by 2.9% during the fourth quarter. Man Group plc now owns 102,924 shares of the technology company’s stock valued at $372,000 after acquiring an additional 2,905 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Universal Electronics by 1.4% during the first quarter. Renaissance Technologies LLC now owns 215,723 shares of the technology company’s stock valued at $889,000 after acquiring an additional 3,071 shares in the last quarter. Empowered Funds LLC increased its position in shares of Universal Electronics by 4.7% during the first quarter. Empowered Funds LLC now owns 69,266 shares of the technology company’s stock valued at $285,000 after acquiring an additional 3,088 shares in the last quarter. Bridgeway Capital Management LLC increased its position in shares of Universal Electronics by 3.3% during the second quarter. Bridgeway Capital Management LLC now owns 131,164 shares of the technology company’s stock valued at $868,000 after acquiring an additional 4,143 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Universal Electronics by 15.6% during the first quarter. Goldman Sachs Group Inc. now owns 36,341 shares of the technology company’s stock valued at $222,000 after acquiring an additional 4,893 shares in the last quarter. 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.