Universal Electronics Inc (NASDAQ: UEIC) stock enjoyed a major increase of 11.9% on 5/6/24. The shares closed at $12.56. Moreover, exceptionally high trading volume at 305% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 22.8% during the last week.
Current PriceTarget Research Rating
UEIC’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Universal Electronics has a current Value Trend Rating of C (Low Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Universal Electronics has a neutral Power Rating of 48 and a neutral Appreciation Score of 41, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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