Universal Electronics Inc (UEIC) is Initiated by Sidoti to Buy, Price Target at $98

Universal Electronics Inc (UEIC) was Initiated by Sidoti to “Buy” and the brokerage firm has set the Price Target at $98. Sidoti advised their investors in a research report released on Jul 22, 2016.

Many Wall Street Analysts have commented on Universal Electronics Inc. Company shares were Reiterated by Dougherty & Company on Jul 15, 2016 to “Buy”, Firm has raised the Price Target to $ 86 from a previous price target of $70 .

On the company’s financial health, Universal Electronics Inc reported $0.50 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $0.54. The company had revenue of $151.50 million for the quarter, compared to analysts expectations of $156.85 million. The company’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.

Universal Electronics Inc (UEIC) witnessed a volatile trading activity on Wednesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $72.85 and reached the intraday high at $73.03. The bulls started the profit booking and pushed the shares to intraday low of $72.34. The trading session was marked by a volume range of 67,829 shares exchanging hands. The 52-week high of the shares is $76.15 and the 52-week low is $40.2801. The market cap of the company stands at $1,047 M and there are 1,44,32,424 shares in public circulation.

In a different news, on Jul 15, 2016, Louis Sylvester Hughes (EVP) sold 1,771 shares at $48.06 per share price. According to the SEC, on Jun 15, 2016, Edward K Zinser (director) sold 2,600 shares at $66.88 per share price. On Jun 8, 2016, Paul J Bennett (EVP) sold 13,100 shares at $66.50 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Universal Electronics Inc

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