Headlines about Universal Electronics (NASDAQ:UEIC) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Universal Electronics earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 47.6698978311556 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Several analysts recently issued reports on the company. BidaskClub lowered Universal Electronics from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 5th. Zacks Investment Research upgraded Universal Electronics from a “sell” rating to a “hold” rating in a report on Saturday, January 6th. Finally, B. Riley restated a “buy” rating and issued a $73.00 price objective on shares of Universal Electronics in a research note on Tuesday, February 20th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Universal Electronics presently has an average rating of “Hold” and an average target price of $71.75.
Universal Electronics (NASDAQ:UEIC) traded up $0.05 during trading hours on Thursday, reaching $53.70. The company’s stock had a trading volume of 75,630 shares, compared to its average volume of 88,201. The company has a quick ratio of 0.74, a current ratio of 1.22 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $781.16, a price-to-earnings ratio of -72.57, a price-to-earnings-growth ratio of 2.02 and a beta of 1.37. Universal Electronics has a 12-month low of $41.95 and a 12-month high of $72.50.
In other Universal Electronics news, Director J C. Sparkman acquired 2,000 shares of the company’s stock in a transaction on Friday, December 15th. The shares were purchased at an average price of $47.50 per share, for a total transaction of $95,000.00. Following the completion of the purchase, the director now directly owns 41,871 shares of the company’s stock, valued at $1,988,872.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. 5.94% of the stock is owned by corporate 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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