Overall market sentiment has been high on Universal Electronics Inc (UEIC) stock lately. UEIC receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Universal Electronics Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on UEIC!
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With UEIC Stock Today?
Universal Electronics Inc (UEIC) stock is trading at $25.70 as of 2:09 PM on Thursday, Feb 2, an increase of $1.20, or 4.9% from the previous closing price of $24.50. The stock has traded between $24.84 and $25.91 so far today. Volume today is light. So far 14,980 shares have traded compared to average volume of 33,050 shares.
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More About Universal Electronics Inc
Universal Electronics Inc is a United States-based company that is principally engaged in developing and manufacturing a series of electronic products, including wireless control products, audio-video accessories, intelligent wireless automation components, and software. The company focuses on the subscription broadcast, consumer electronics and residential security markets, with customers consisting of subscription broadcasters, original equipment manufacturer, private-label brands, retailers, pro-security dealers, and companies in the computing industry. The company has a global presence, and generates most of its total revenue from the United States, Asia (excluding PRC), and the People's Republic of China, with the rest from Europe, Latin America, and elsewhere.
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