Universal Electronics Inc (NASDAQ: UEIC) was downgraded by equities research analysts at Zacks Investment Research from a “neutral” rating to an “underperform” rating in a research note issued to investors on Tuesday.
Universal Electronics Inc. is a provider of a line of products, software, and technologies that are marketed to enhance home entertainment systems. Its offerings include pre-programmed universal infrared (IR) and radio frequency (RF) remote controls that are sold primarily to multiple systems operators (MSOs), consumers, original equipment manufacturers (OEMs), and private label customers; audio-video (AV) accessories sold to consumers; integrated circuits; intellectual property, and software, firmware and technology solutions. Its markets include MSOs in the cable and satellite subscription broadcasting markets, as well as OEM, private label, retail and custom installer companies that operate in the consumer electronics market. Its subsidiaries include Universal Electronics B.V., One For All GmbH, One for All Iberia S.L., One For All UK Ltd., One For All Argentina S.R.L. and One For All France S.A.S. In November 2010, the Company acquired China-based Enson Assets Limited.
Shares of Universal Electronics Inc opened at 17.11 on Tuesday. Universal Electronics Inc has a 52 week low of $14.01 and a 52 week high of $30.00. The stock’s 50-day moving average is $16.18 and its 200-day moving average is $18.73. The company has a market cap of $252.6 million and a price-to-earnings ratio of 13.78.