Universal Electronics Stock Just Got Hit — The Real Reason UEIC Fell Friday
Universal Electronics Inc. shares recently traded at $3.93, down 14 cents, or about 3.4%, on Friday, leaving the wireless-control technology company with a market value of roughly $49.6 million. Market value means the stock price multiplied by shares outstanding; UEIC’s latest reported volume was 23,037 shares. The drop matters now because it came as the tape, not a fresh UEI announcement, did much of the work. The company’s investor page listed its May 11 first-quarter results as the latest press release, while the filings page showed late-May disclosures, including May 28 ownership and specialized-disclosure filings, a May 26 S-8 registration statement and a May 21 8-K.