Universal Electronics Inc (NASDAQ: UEIC) stock suffered a major decline of -14.5% on 8/9/24. The shares closed at $9.28. Moreover, exceptionally high trading volume at 210% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -21.2% 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 B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Universal Electronics has a neutral Appreciation Score of 47 but a good Power Rating of 79, with the Positive Value Trend Rating the result.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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