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Universal Electronics (NASDAQ:UEIC) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Universal Electronics logo with Computer and Technology background

Shares of Universal Electronics Inc. (NASDAQ:UEIC - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.88 and traded as high as $9.99. Universal Electronics shares last traded at $9.50, with a volume of 146,879 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on UEIC shares. Rosenblatt Securities upgraded shares of Universal Electronics from a "neutral" rating to a "buy" rating and set a $15.00 price objective for the company in a report on Friday, November 8th. StockNews.com upgraded shares of Universal Electronics from a "buy" rating to a "strong-buy" rating in a report on Monday. Finally, B. Riley upgraded shares of Universal Electronics from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $11.00 to $14.00 in a report on Monday, November 11th.

Get Our Latest Stock Report on UEIC

Universal Electronics Stock Up 0.3 %

The stock has a market cap of $127.56 million, a price-to-earnings ratio of -4.78, a PEG ratio of 3.96 and a beta of 1.19. The business's fifty day moving average is $10.53 and its two-hundred day moving average is $9.84.

Insiders Place Their Bets

In other Universal Electronics news, CEO Paul D. Arling sold 13,185 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $11.73, for a total transaction of $154,660.05. Following the completion of the transaction, the chief executive officer now owns 283,615 shares in the company, valued at $3,326,803.95. The trade was a 4.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 9.37% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in UEIC. SBI Securities Co. Ltd. acquired a new position in Universal Electronics during the 4th quarter worth approximately $33,000. Schonfeld Strategic Advisors LLC acquired a new position in Universal Electronics during the 4th quarter worth approximately $139,000. Jane Street Group LLC acquired a new position in Universal Electronics during the 3rd quarter worth approximately $163,000. JPMorgan Chase & Co. boosted its holdings in shares of Universal Electronics by 34.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,823 shares of the technology company's stock valued at $165,000 after buying an additional 4,591 shares in the last quarter. Finally, Barclays PLC boosted its holdings in shares of Universal Electronics by 33.5% in the 3rd quarter. Barclays PLC now owns 21,943 shares of the technology company's stock valued at $202,000 after buying an additional 5,512 shares in the last quarter. Institutional investors and hedge funds own 79.35% of the company's stock.

About Universal Electronics

(Get Free Report)

Universal Electronics Inc designs, develops, manufactures, ships, and supports control and sensor technology solutions in the United States, the People's Republic of China, rest of Asia, Europe, Latin America, and internationally. The company offers voice-enabled automatically-programmed universal two-way radio frequency, as well as infrared remote controls to video service providers, original equipment manufacturers (OEMs), retailers, and private label customers; wall-mount and handheld thermostat controllers and connected accessories for smart energy management systems to OEM customers, hotels, hospitality, and system integrators; proprietary and standards-based RF sensors for residential security, safety, and home automation applications; and integrated circuits on which its software and universal device control database is embedded to OEMs, video service providers, and private label customers.

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