Universal Electronics Inc (UEIC)
Universal Electronics Inc (UEIC) is a provider of control and automation solutions for the home entertainment and smart home markets. The company designs and manufactures remote control devices, home automation systems, and connectivity solutions that enable the integration of various entertainment and smart devices. Founded in 1986 and headquartered in Scottsdale, Arizona, Universal Electronics serves consumer electronics, service providers, and OEM customers worldwide.
Company News
B. Riley Securities has decided to maintain its Neutral rating of Universal Electronics (NASDAQ:UEIC) and raise its price target from $9.00 to $10.50. Shares of Universal Electronics are trading down 6.07% over the last 24 hours, at $8.35 per share. A move to $10.50 would account for a 25.75% increase from the current share price. About Universal...
Universal Electronics (UEIC) delivered earnings and revenue surprises of 800% and 0.08%, respectively, for the quarter ended December 2023. Do the numbers hold clues to what lies ahead for the stock?
For the week, the S&P 500 was down 2.9%. The best performer last week was Volatility, as investors were willing to pay higher premiums to hedge their downside risk.
UEIC earnings call for the period ending June 30, 2022.