Universal Electronics Inc (NASDAQ: UEIC) stock closed at $10.51 on 5/28/24 after a major decline of -14.7%. Moreover, trading volume in this decline was exceptionally high at 481% of normal. The stock has been strong relative to the market over the last nine months but has declined -9.9% 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 (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Universal Electronics has a slightly negative Appreciation Score of 34 but a slightly positive Power Rating of 65, with the Neutral Value Trend Rating the result.
Rating Review
In light of this highly negative 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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