Universal Electronics (NASDAQ:UEIC - Get Free Report) is projected to post its quarterly earnings results after the market closes on Thursday, February 20th. Analysts expect Universal Electronics to post earnings of $0.14 per share and revenue of $102.47 million for the quarter. Individual that wish to register for the company's earnings conference call can do so using this link.
Universal Electronics Stock Performance
UEIC traded up $0.03 during midday trading on Friday, hitting $9.79. The stock had a trading volume of 37,745 shares, compared to its average volume of 49,581. The company has a market cap of $127.56 million, a P/E ratio of -4.78, a price-to-earnings-growth ratio of 3.96 and a beta of 1.19. The business has a fifty day moving average of $10.53 and a 200 day moving average of $9.82. Universal Electronics has a 1 year low of $7.53 and a 1 year high of $14.20.
Analysts Set New Price Targets
Several analysts have issued reports on the company. B. Riley raised Universal Electronics from a "neutral" rating to a "buy" rating and upped their target price for the stock from $11.00 to $14.00 in a research note on Monday, November 11th. StockNews.com raised Universal Electronics from a "buy" rating to a "strong-buy" rating in a research note on Monday, February 10th. Finally, Rosenblatt Securities raised Universal Electronics from a "neutral" rating to a "buy" rating and set a $15.00 price objective for the company in a research note on Friday, November 8th.
Check Out Our Latest Research Report on UEIC
Insider Activity at Universal Electronics
In related news, CEO Paul D. Arling sold 13,185 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The stock was 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. This represents a 4.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.37% of the stock is owned by corporate insiders.
Universal Electronics Company Profile
(
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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.
Further Reading
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