On 8/2/19, Universal Electronics Inc (NASDAQ: UEIC) stock suffered a major decline of -11.1%, closing at $38.49. Moreover, trading volume in this decline was unusually high at 151% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -7.1% during the last week.
Current PriceTarget Research Rating
UEIC’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
UEIC has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. UEIC has a slightly positive Appreciation Score of 68 and a good Power Rating of 81, leading to the Highest Value Trend Rating.
In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.