.jpg "Universal Electronics (NASDAQ: UEIC)")
Today, the EVP -Asia of Universal Electronics (NASDAQ: UEIC), David Cheung Hyen Chong, bought shares of UEIC for $89.54K.
Following this transaction David Cheung Hyen Chong’s holding in the company was increased by 11.75% to a total of $847.9K. This is Chong’s first Buy trade following 4 Sell transactions.
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Based on Universal Electronics’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $165 million and GAAP net loss of $587K. In comparison, last year the company earned revenue of $161 million and had a net profit of $119K. Currently, Universal Electronics has an average volume of 81.8K.
Six different firms, including Avondale and B.Riley FBR, currently also have a Buy rating on the stock.
The insider sentiment on Universal Electronics has been negative according to 84 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Universal Electronics, Inc. engages in the design, development, and trade of control and sensor technology solutions. It operates through the following geographical segments: United States; Asia (excluding PRC); People’s Republic of China; Europe; Latin America; and Other.
