Universal Electronics (NASDAQ:UEIC) Share Price Passes Above 200-Day Moving Average - Time to Sell?

Shares of Universal Electronics Inc. (NASDAQ:UEIC - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.29 and traded as high as $11.90. Universal Electronics shares last traded at $11.70, with a volume of 72,668 shares.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. 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 note on Monday, November 11th. Rosenblatt Securities raised Universal Electronics from a "neutral" rating to a "buy" rating and set a $15.00 price target for the company in a research note on Friday, November 8th. Finally, StockNews.com raised Universal Electronics from a "hold" rating to a "buy" rating in a research note on Thursday, September 19th.

Universal Electronics Stock Performance

The business has a 50 day moving average price of $8.94 and a two-hundred day moving average price of $10.29. The company has a market cap of $152.43 million, a P/E ratio of -5.71 and a beta of 1.13.

Insider Activity

In related news, Director Edward K. Zinser sold 2,500 shares of the business's stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $10.68, for a total transaction of $26,700.00. Following the transaction, the director now owns 38,062 shares in the company, valued at $406,502.16. The trade was a 6.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 9.37% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Universal Electronics by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 555,163 shares of the technology company's stock valued at $5,557,000 after purchasing an additional 7,994 shares during the period. Acadian Asset Management LLC increased its holdings in Universal Electronics by 9.1% during the 2nd quarter. Acadian Asset Management LLC now owns 499,940 shares of the technology company's stock valued at $5,804,000 after purchasing an additional 41,795 shares during the period. Dimensional Fund Advisors LP increased its holdings in Universal Electronics by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 392,822 shares of the technology company's stock valued at $4,565,000 after purchasing an additional 13,495 shares during the period. Ancora Advisors LLC increased its holdings in Universal Electronics by 7.2% during the 1st quarter. Ancora Advisors LLC now owns 269,834 shares of the technology company's stock valued at $2,701,000 after purchasing an additional 18,050 shares during the period. Finally, American Century Companies Inc. increased its holdings in Universal Electronics by 24.8% during the 2nd quarter. American Century Companies Inc. now owns 165,845 shares of the technology company's stock valued at $1,927,000 after purchasing an additional 32,911 shares during the period. Hedge funds and other institutional investors own 79.35% of the company's stock.

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.