Universal Electronics Inc (UEIC) Files Form 4 Insider Selling : Richard A Jr Firehammer Sells 2,697 Shares

Universal Electronics Inc (UEIC): Richard A Jr Firehammer , Senior Vice President of Universal Electronics Inc sold 2,697 shares on May 24, 2016. The Insider selling transaction was reported by the company on May 24, 2016 to the Securities and Exchange Commission. The shares were sold at $64.30 per share for a total value of $173,417.09 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 15, 2016, William C Mulligan (director) sold 23,745 shares at $62.26 per share price.On Mar 10, 2016, Louis Sylvester Hughes (EVP) sold 2,245 shares at $63.46 per share price.Also, On Feb 24, 2016, Richard A Jr Firehammer (Senior Vice President) sold 21,413 shares at $53.12 per share price.On Nov 19, 2015, J C Sparkman (director) sold 8,896 shares at $50.16 per share price.

Universal Electronics Inc: On Friday, May 20, 2016 heightened volatility was witnessed in Universal Electronics Inc which led to swings in the share price. The shares opened for trading at $62.22 and hit $63.25 on the upside , eventually ending the session at $62.95, with a gain of 1.83% or 1.13 points. The heightened volatility saw the trading volume jump to 79,886 shares. The 52-week high of the share price is $69.147 and the company has a market cap of $908,494 M . The 52-week low of the share price is at $40.2801.

Universal Electronics Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Universal Electronics Inc is Downgraded by Sidoti to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 10, 2016.

Universal Electronics Inc. (UEI) develops control technology solutions and manufactures a line of pre-programmed universal remote control products embedded hardware and software and audio-video (AV) accessories for home entertainment systems. The Company’s offerings include pre-programmed universal infrared (IR) and radio frequency (RF) remote controls; audio-video (AV) accessories; integrated circuits on which its software and universal device control database is embedded; software firmware and technology solutions that can enable devices such as TVs set-top boxes stereos smart phones tablets gaming controllers and other consumer electronic devices to wirelessly connect and interact with home networks and interactive services and intellectual property which the Company licenses to OEMs software development companies private label customers and subscription broadcasting providers.

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