Universal Electronics Inc.’s (NASDAQ:UEIC) Share Price Boosted 26% But Its Business Prospects Need A Lift Too
Universal Electronics Inc. (NASDAQ:UEIC) shareholders are no doubt pleased to see that the share price has bounced 26% in the last month, although it is still struggling to make up recently lost ground. Still, the 30-day jump doesn’t change the fact that longer term shareholders have seen their stock decimated by the 63% share price drop in the last twelve months.
Even after such a large jump in price, when close to half the companies operating in the United States’ Consumer Durables industry have price-to-sales ratios (or “P/S”) above 0.7x, you may still consider Universal Electronics as an enticing stock to check out with its 0.1x P/S ratio. Although, it’s not wise to just take the P/S at face value as there may be an…
