Press coverage about Universal Electronics (NASDAQ:UEIC) has trended positive recently, Accern reports. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Universal Electronics earned a coverage optimism score of 0.27 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 46.9952115530815 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
UEIC has been the subject of a number of research reports. BidaskClub downgraded Universal Electronics from a “sell” rating to a “strong sell” rating in a research report on Friday, January 19th. B. Riley set a $77.00 price objective on Universal Electronics and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Piper Jaffray Companies reduced their price objective on Universal Electronics to $70.00 and set an “overweight” rating for the company in a research report on Friday, November 3rd. Finally, Zacks Investment Research downgraded Universal Electronics from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $72.75.
Shares of Universal Electronics (NASDAQ:UEIC) traded up $0.90 on Friday, hitting $44.50. The stock had a trading volume of 70,000 shares, compared to its average volume of 84,037. Universal Electronics has a fifty-two week low of $41.95 and a fifty-two week high of $74.85. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.80 and a current ratio of 1.34. The firm has a market cap of $623.73, a PE ratio of 66.42, a PEG ratio of 0.78 and a beta of 1.50.
In related news, Director J C. Sparkman bought 2,000 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was acquired at an average cost of $47.50 per share, with a total value of $95,000.00. Following the acquisition, the director now owns 41,871 shares in the company, valued at approximately $1,988,872.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Louis Sylvester Hughes sold 925 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $53.58, for a total value of $49,561.50. Following the completion of the transaction, the chief operating officer now directly owns 1,502 shares of the company’s stock, valued at $80,477.16. The disclosure for this sale can be found here. Corporate insiders own 5.94% of the company’s stock.
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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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