Recent extremely meaningful negative changes in investment behavior have impacted Universal Electronics Inc (NASDAQ: UEIC): the stock’s recent price decline challenged its longer term uptrend, and negative upside/downside volume developed.
Universal Electronics Inc (NASDAQ: UEIC) has recently experienced notable negative changes in fundamentals: significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.
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, triggering the Positive Value Trend Rating.
Recent Price Action
Universal Electronics Inc (NASDAQ: UEIC) stock closed at $9.20 on 8/12/24 after a slight decline of -0.9%. Moreover, trading volume in this decline was above average at 141% of normal. The stock has declined -17.6% during the last week but has been exceptionally strong relative to the market over the last nine months.
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