Universal Electronics (NASDAQ:UEIC) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Universal Electronics Inc. (NASDAQ:UEIC) 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 traded.

Analyst Ratings Changes

UEIC has been the subject of several recent analyst reports. StockNews.com upgraded shares of Universal Electronics from a “hold” rating to a “buy” rating in a research note on Thursday, September 19th. Rosenblatt Securities upgraded shares of 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. Finally, B. Riley upgraded shares of Universal Electronics from a “neutral” rating to a “buy” rating and upped their price target for the company from $11.00 to $14.00 in a research note on Monday, November 11th.

Universal Electronics Stock Performance

The firm has a market cap of $147.63 million, a price-to-earnings ratio of -5.53 and a beta of 1.13. The stock’s 50 day simple moving average is $9.00 and its 200-day simple moving average is $10.30.

Insider Transactions at Universal Electronics

In other news, Director Edward K. Zinser sold 2,500 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $10.68, for a total value of $26,700.00. Following the sale, the director now owns 38,062 shares in the company, valued at $406,502.16. This represents a 6.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 9.37% of the company’s stock.

Institutional Trading of Universal Electronics

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp purchased a new stake in Universal Electronics during the second quarter worth $122,000. Jane Street Group LLC purchased a new stake in Universal Electronics during the third quarter worth $163,000. Sei Investments Co. purchased a new stake in Universal Electronics during the second quarter worth $212,000. Barclays PLC boosted its holdings in Universal Electronics by 33.5% during the third quarter. Barclays PLC now owns 21,943 shares of the technology company’s stock worth $202,000 after buying an additional 5,512 shares in the last quarter. Finally, Empowered Funds LLC lifted its holdings in Universal Electronics by 5.3% during the third quarter. Empowered Funds LLC now owns 42,980 shares of the technology company’s stock valued at $397,000 after purchasing an additional 2,144 shares in the last quarter. Institutional investors and hedge funds 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.