Headlines about Universal Electronics (NASDAQ:UEIC) have trended somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Universal Electronics earned a news impact score of 0.00 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 47.0061527863562 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Universal Electronics (UEIC) traded down $0.25 during mid-day trading on Friday, reaching $51.25. The company’s stock had a trading volume of 64,500 shares, compared to its average volume of 66,406. The company has a quick ratio of 0.80, a current ratio of 1.34 and a debt-to-equity ratio of 0.05. Universal Electronics has a 52 week low of $48.50 and a 52 week high of $74.85. The stock has a market cap of $729.61, a P/E ratio of 23.84, a PEG ratio of 1.39 and a beta of 1.59.
Universal Electronics (NASDAQ:UEIC) last posted its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.04). Universal Electronics had a return on equity of 11.27% and a net margin of 1.45%. The business had revenue of $175.51 million for the quarter, compared to analysts’ expectations of $182.53 million. During the same quarter in the prior year, the firm earned $0.93 earnings per share. Universal Electronics’s revenue for the quarter was up 3.0% compared to the same quarter last year. equities research analysts anticipate that Universal Electronics will post 2.11 EPS for the current fiscal year.
Several brokerages recently commented on UEIC. BidaskClub downgraded Universal Electronics from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. ValuEngine upgraded Universal Electronics from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. B. Riley restated a “buy” rating and set a $77.25 price objective on shares of Universal Electronics in a report on Thursday, August 10th. Zacks Investment Research downgraded Universal Electronics from a “hold” rating to a “strong sell” rating in a report on Thursday. Finally, Piper Jaffray Companies dropped their price objective on Universal Electronics to $70.00 and set an “overweight” rating on the stock in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $72.75.
In other news, Director Gregory Stapleton sold 10,000 shares of Universal Electronics stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $60.31, for a total value of $603,100.00. Following the completion of the transaction, the director now owns 35,726 shares in the company, valued at approximately $2,154,635.06. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William C. Mulligan bought 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was purchased at an average price of $55.91 per share, with a total value of $279,550.00. Following the transaction, the director now owns 17,966 shares in the company, valued at approximately $1,004,479.06. The disclosure for this purchase can be found here. 5.82% of the stock is owned by insiders.
About Universal Electronics
Universal Electronics Inc (UEI) develops control and sensor technology solutions and manufactures a line of pre-programmed and universal remote control products, audio-video (AV) accessories, and intelligent wireless security and automation components. The Company’s offerings include pre-programmed universal infrared (IR) and radio frequency (RF) remote controls that are sold primarily to subscription broadcasting providers, original equipment manufacturers (OEMs), retailers, and private label customers, and integrated circuits, on which its software and universal device control database is embedded, sold primarily to OEMs, subscription broadcasting providers, and private label customers.
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