Universal Electronics Stock Just Got Hit — The Real Reason UEIC Fell Friday
Universal Electronics Inc. shares fell 3.4% to $3.93 Friday, valuing the company at about $49.6 million, as broader markets dropped sharply after a strong U.S. jobs report. The company last reported a first-quarter net loss of $7.3 million on sales of $79 million, with both connected-home and home-entertainment revenues down year over year.