Universal Electronics Inc (NASDAQ: UEIC) stock closed at $11.09 on 11/8/24 after a major increase of 31.7%. Moreover, trading volume in this advance was unusually high at 193% of normal. Relative to the market the stock has been weak over the last nine months but has risen 25.9% 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 D (Negative). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Universal Electronics has a slightly negative Appreciation Score of 38 and a slightly negative Power Rating of 37, triggering the Negative Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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