Universal Electronics Inc. (NASDAQ:UEIC) Director Buys $42,480.00 in Stock

Universal Electronics Inc. (NASDAQ:UEIC) Director Eric Singer purchased 6,000 shares of the business’s stock in a transaction dated Friday, May 16th. The shares were purchased at an average cost of $7.08 per share, with a total value of $42,480.00. Following the acquisition, the director now owns 36,403 shares in the company, valued at $257,733.24. This trade represents a 19.73% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

Eric Singer also recently made the following trade(s):

• On Tuesday, May 13th, Eric Singer acquired 24,000 shares of Universal Electronics stock. The shares were bought at an average price of $6.73 per share, with a total value of $161,520.00.

Universal Electronics Price Performance

Shares of UEIC traded down $0.02 during trading hours on Monday, hitting $7.02. 56,232 shares of the stock were exchanged, compared to its average volume of 76,196. Universal Electronics Inc. has a fifty-two week low of $4.32 and a fifty-two week high of $12.64. The business has a 50-day moving average of $5.76 and a 200-day moving average of $8.62. The firm has a market capitalization of $92.45 million, a P/E ratio of -3.79, a price-to-earnings-growth ratio of 3.62 and a beta of 1.44.

Universal Electronics (NASDAQ:UEIC) last posted its quarterly earnings data on Thursday, February 20th. The technology company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.04). Universal Electronics had a negative return on equity of 3.67% and a negative net margin of 6.09%. The firm had revenue of $110.45 million for the quarter, compared to analyst estimates of $102.47 million. As a group, analysts forecast that Universal Electronics Inc. will post 0.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

UEIC has been the subject of several recent research reports. StockNews.com cut shares of Universal Electronics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 1st. Rosenblatt Securities restated a “buy” rating and issued a $15.00 price target on shares of Universal Electronics in a research report on Friday, February 21st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. SBI Securities Co. Ltd. bought a new position in Universal Electronics during the fourth quarter worth $33,000. Wellington Shields & Co. LLC bought a new position in Universal Electronics during the first quarter worth $45,000. Jump Financial LLC bought a new position in Universal Electronics during the first quarter worth $68,000. Hsbc Holdings PLC bought a new position in Universal Electronics during the first quarter worth $118,000. Finally, OMERS ADMINISTRATION Corp bought a new position in Universal Electronics during the fourth quarter worth $121,000. 79.35% of the stock is owned by institutional investors.

Universal Electronics Company Profile

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.