Universal Electronics (NASDAQ:UEIC) Shares Pass Above 200-Day Moving Average - Time to Sell?

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 $10.16 and traded as high as $10.94. Universal Electronics shares last traded at $10.85, with a volume of 18,879 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have recently commented on UEIC shares. Rosenblatt Securities upgraded Universal Electronics from a "neutral" rating to a "buy" rating and set a $15.00 target price on the stock in a research report on Friday, November 8th. B. Riley raised Universal Electronics from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $11.00 to $14.00 in a research report on Monday, November 11th. Finally, StockNews.com downgraded Universal Electronics from a "strong-buy" rating to a "buy" rating in a report on Friday, December 20th.

Universal Electronics Price Performance

The stock has a market cap of $143.31 million, a price-to-earnings ratio of -5.37 and a beta of 1.20. The stock's 50-day moving average is $10.51 and its 200 day moving average is $10.15.

Insider Transactions at Universal Electronics

In other news, Director Edward K. Zinser sold 2,500 shares of the firm's stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $10.68, for a total transaction of $26,700.00. Following the completion of the transaction, the director now directly owns 38,062 shares of the company's stock, valued at $406,502.16. This trade represents a 6.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Paul D. Arling sold 13,185 shares of the firm's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $11.73, for a total value of $154,660.05. Following the transaction, the chief executive officer now directly owns 283,615 shares of the company's stock, valued at $3,326,803.95. The trade was a 4.44 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 9.37% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UEIC. Empowered Funds LLC lifted its stake in shares of Universal Electronics by 5.3% during the third quarter. Empowered Funds LLC now owns 42,980 shares of the technology company's stock valued at $397,000 after buying an additional 2,144 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Universal Electronics by 4.3% during the third quarter. Victory Capital Management Inc. now owns 53,703 shares of the technology company's stock worth $496,000 after purchasing an additional 2,203 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Universal Electronics by 34.7% in the third quarter. JPMorgan Chase & Co. now owns 17,823 shares of the technology company's stock valued at $165,000 after purchasing an additional 4,591 shares during the period. Barclays PLC increased its stake in Universal Electronics by 33.5% in the third quarter. Barclays PLC now owns 21,943 shares of the technology company's stock valued at $202,000 after purchasing an additional 5,512 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Universal Electronics by 15.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 65,979 shares of the technology company's stock valued at $609,000 after purchasing an additional 8,706 shares during the last quarter. 79.35% of the stock is currently owned by hedge funds and other institutional investors.

About Universal Electronics

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.