Key Points
- Universal Electronics VP Ramzi Ammari sold 4,916 shares on March 16 at an average price of $4.16 for proceeds of $20,450.56, cutting his stake by 11.55% to 37,648 shares.
- The stock trades near $4.22 with a market cap of about $54.2 million, a negative PE (-3.01), and a consensus analyst rating of "Reduce" with an average price target of $5.75.
Universal Electronics Inc. (NASDAQ:UEIC - Get Free Report) VP Ramzi Ammari sold 4,916 shares of the business's stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $4.16, for a total value of $20,450.56. Following the completion of the transaction, the vice president directly owned 37,648 shares in the company, valued at approximately $156,615.68. This trade represents a 11.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Ramzi Ammari also recently made the following trade(s):
- On Friday, February 13th, Ramzi Ammari sold 938 shares of Universal Electronics stock. The stock was sold at an average price of $4.10, for a total transaction of $3,845.80.
Universal Electronics Price Performance
Shares of NASDAQ:UEIC traded down $0.11 during mid-day trading on Thursday, hitting $4.22. The company had a trading volume of 3,331 shares, compared to its average volume of 68,840. Universal Electronics Inc. has a one year low of $2.69 and a one year high of $7.50. The firm has a fifty day moving average price of $3.95 and a 200 day moving average price of $3.91. The company has a market capitalization of $54.20 million, a PE ratio of -3.01 and a beta of 1.38.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a "sell (e+)" rating on shares of Universal Electronics in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and an average price target of $5.75.
Check Out Our Latest Stock Report on UEIC
Hedge Funds Weigh In On Universal Electronics
Large investors have recently modified their holdings of the company. NewEdge Advisors LLC acquired a new stake in Universal Electronics in the 3rd quarter valued at $64,000. Quadrature Capital Ltd acquired a new position in Universal Electronics during the second quarter worth $82,000. XTX Topco Ltd lifted its stake in shares of Universal Electronics by 41.5% in the fourth quarter. XTX Topco Ltd now owns 36,175 shares of the technology company's stock valued at $131,000 after buying an additional 10,604 shares in the last quarter. Prelude Capital Management LLC lifted its stake in shares of Universal Electronics by 88.7% in the third quarter. Prelude Capital Management LLC now owns 29,161 shares of the technology company's stock valued at $136,000 after buying an additional 13,705 shares in the last quarter. Finally, Heron Bay Capital Management acquired a new position in shares of Universal Electronics during the third quarter valued at about $148,000. 79.35% of the stock is currently owned by institutional investors.
About Universal Electronics
(
Get Free Report)
Universal Electronics Inc (NASDAQ:UEIC) is a leading provider of sensing and control technologies for the smart home and consumer electronics markets. The company specializes in design, development and manufacturing of remote control devices, wireless connectivity modules and integrated sensing solutions. Its core expertise lies in infrared (IR) and radio frequency (RF) remote controls, voice-enabled control devices and universal remotes that allow consumers to manage multiple home entertainment and automation systems through a single interface.
In addition to traditional remote control products, Universal Electronics has expanded its portfolio to include Internet of Things (IoT) gateways, home-automation hubs and cloud-based management platforms.
Further Reading
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